Every decade, technology makes us dramatically more productive. Every decade, GDP growth slows. These two facts should not coexist — and understanding why they do reveals the defining economic tension of our era.
Your graph is deceiving because it starts at 20 and not 0 on the y axis. It shows a very modest increase in wage, there are much better charts out there that plot wage growth Vs productivity growth. This makes the theft all the more obvious.
Your graph is deceiving because it starts at 20 and not 0 on the y axis. It shows a very modest increase in wage, there are much better charts out there that plot wage growth Vs productivity growth. This makes the theft all the more obvious.
This chart uses mean productivity and MEDIAN wages. You posted a chart meant to deceive.