Also, if you track employee total compensation (not just wages) against productivity increases, the two lines form the same curve.
This hasn't been true for at least two decades. Employee compensation severely lags productivity increases, and the capital class captures the entirety of the benefit of that lag.
The more productive a worker is, the more they get paid, as such workers are more in demand.
No. If that were true CEOs and VCs would get paid pennies, and most software programmers would get paid close to minimum wage today (programs are slower and buggier than they were 20 years ago despite having 100x or more increase in hardware resources and offering the same or reduced functionality).
This hasn't been true for at least two decades. Employee compensation severely lags productivity increases, and the capital class captures the entirety of the benefit of that lag.
The more productive a worker is, the more they get paid, as such workers are more in demand.
No. If that were true CEOs and VCs would get paid pennies, and most software programmers would get paid close to minimum wage today (programs are slower and buggier than they were 20 years ago despite having 100x or more increase in hardware resources and offering the same or reduced functionality).