[lbo-talk] The compensation-productivity gap: a visual essay Susan Fleck, John Glaser, and Shawn Sprague

Mike Ballard swillsqueal at yahoo.com.au
Mon Feb 7 19:59:21 PST 2011


Among other things left unsaid in this essay, I think these graphs at least show how the historical weakening of the working class movement e.g. union levels and militancy, has resulted in a greater rate of exploitation by the capitalist class. Real wages seemed to have been maintained at a certain (hrumfph) level share of output/productivity. Check the years, 1947-2010. As union power declined, so did the workers' share of the product of their collective labour.

http://www.bls.gov/opub/mlr/2011/01/art3full.pdf

For the works! Mike B)

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