Monday, August 6, 2018

Do Workers Get The Same Slice of the Pie They Always Have

I think I saw this same argument from Dean Baker who is considered more left but who I consider willing to look honestly at the data but I cannot find the Baker post.
Her is Scott Winship on the same: 

Workers Get The Same Slice of the Pie As They Always Have

Of the issues Scott mentions I think Dean mostly talked about this: 
Use net GDP to compute productivity rather than GDP, so that income taking the form of depreciation--which does not go to workers or owners but will simply affect future productivity--is excluded from productivity, and

 According to both of them, growth in inequality is mostly about wages. That is CEO's and people like LeBron James, plus on the lower end of the top 20% computer technicians and MD's pulling away from the lower 80% of earners.


I found the Dean Baker post here. The title is: The Struggle to Explain Things That Didn't Happen: The Non-Existent Shift Away from Wages

Also seehttps://twitter.com/swinshi/status/856839117979693056 https://twitter.com/swinshi/status/856839117979693056https://twitter.com/swinshi/status/85  6839117979693056

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