I wonder what would happen to the economy if the hourly compensation growth for everyone would be equal to (or at least close to) the productivity. Would that mean that everything would just get more expensive alongside it? Or would it lead to an economy where you have a big middle class?
this post was submitted on 27 Nov 2024
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As raising the minimum wage showed - nothing.
There are far more impacting things on prices than wages. Mostly outsourcing and absolute removal of quality of products. Also massive surveillance.