This is a follow up to my earlier (Tuesday) post "One Source of Corporate Profits" ...
Since the early-1980s the manufacturing sector in America has produced more and more with fewer workers.
Does this mean workers on the factory floor who are helping to produce more are making more money?
No ...
When you consider that the very adaptable guy on the shop floor has had as big a hand increasing the productivity of America's manufacturing sector (as other factors) one has to wonder why the American worker is not being compensated in a way that matches the productivity gains of their industry.
Put another way, someone has be be getting the financial gains the modern worker is helping to produce but is not seeing in their wages.
Throw in the fact that corporate America's percentage contribution to national revenue over the past 60 years has been drastically reduced, one really doesn't have to ask why corporate profits (and CEO salaries) are so high ...
- Mark
No comments:
Post a Comment