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...from the article...
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A rising tide should lift all boats. When the economy expands, everybody should reap the rewards. This outcome can either be guaranteed by smart and compassionate policy choices or subverted by policymakers choosing a different path. EPI’s Productivity-Pay Tracker shows a shift toward the latter: Since the late 1970s, our policy choices have led directly to a pronounced divergence between productivity and typical workers’ pay. But it didn’t have to be this way. A large majority of U.S. working families could have had significantly higher incomes today if policymakers had made different choices.
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What broke the link between pay and productivity?

Starting in the late 1970s policymakers began dismantling all the policy bulwarks helping to ensure that typical workers’ wages grew with productivity. Excess unemployment was tolerated to keep any chance of inflation in check. Raises in the federal minimum wage became smaller and rarer. Labor law failed to keep pace with growing employer hostility toward unions. Tax rates on top incomes were lowered. And anti-worker deregulatory pushes—from the deregulation of the trucking and airline industries to the retreat of anti-trust policy to the dismantling of financial regulations and more—succeeded again and again.

In essence, policy choices made to suppress wage growth prevented potential pay growth fueled by rising productivity from translating into actual pay growth for most workers. The result of this policy shift was the sharp divergence between productivity and typical workers’ pay shown in the graph.
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Ask yourself, which Party consistently pushed for Minimum Wage Growth to keep pace with the rising cost of living...and which one fought this effort tooth and nail, while also blocking any effort by government (e.g. Assistance to low income families) to fill the accelerating Productivity-to-Pay gap.

DJT's promise to double down on his 2017 Tax Bill will only make things worse...but then, that's what his Plutocratic Pals (e.g. Musk, Theil, etc.)...and of course, Putin...want to see as they all combine to "Make America God Awful" for all but them.


Link: https://www.epi.org/productivity-pay-gap/