Rcooley123's Blog

Advances in technology over time have greatly increased the productivity of workers both here and abroad. Often, fears are raised that productivity increases will become so profound as to lessen the need for workers, the hours they need to work or supplant many of them entirely to be replaced by automation and/or robots. The way our society copes with these changes has already affected the lives of millions and promises to affect even more in the future.

So far, distribution of the productivity gains among our population has been extremely unequal, to say the least. Minimum wage has not kept pace with productivity increases for many years. Neither has the median wage/salary. The main gains have been seen among the highest income earners. In the corporate world, that translates into CEOs and other high level executives, along with shareholders in the form of profit redistribution known as stock dividends. CEO/Averageā€¦

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