Tuesday, October 18, 2011

What Happened?

1 comment:

Andy N. said...

Well, there is a partial reason, Ernie. Up until the '70's the increasing skill of the workforce was the predominant contributing factor to the increase in productivity. When computers began taking the place of "skilled labor", all it took was a reasonably diligent trained monkey to push buttons to make widgets. Management retired or laid off their highly paid (skilled) workers, took the credit for increased profits, put most of the profit into their own pay, and all the stockholders were happy.

Moral of the story? Y pay 4 skilzors, wen teknologie iz cheeper?