[Marxism] Fwd: You are working harder and getting paid less « Systemic Disorder

Louis Proyect lnp3 at panix.com
Fri Dec 15 06:24:26 MST 2017


The bad news: Your wages are declining. The worse news: Surveys 
documenting falling wage actually under-estimate how much your wages are 
declining.

A recent entrant to this labor literature, a research paper titled 
“Decomposing the Productivity-Wage Nexus in Selected OECD Countries, 
1986-2013,” studied 11 advanced-capitalist countries and found that in 
eight of them median wages have not kept pace with growth in labor 
productivity. To put the preceding sentence in clear language: You are 
producing more and getting paid less.

full: 
https://systemicdisorder.wordpress.com/2017/12/13/working-harder-paid-less/



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