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Correct; we probably should be paying robots bonuses. To a large degree, that drove many corps increases in productivity.
Throughout all our subsidiaries, they accounted for most of our productivity gains, reducing manhours per unit produced.
Actually, I believe the people who designed and built the robots are most deserving of the bonus. After all, if you want them to continue developing more efficient ways to do things, you have to grease the wheels every so often.
Honestly, robots are just another tool in the box for workers and companies alike. When the hammer was invented, it increased the productivity of man. Probably seemed like cutting edge technology in it's day just the same.
What's interesting is in decades past, improved processes actually did translate into a higher standard of living for Americans. Today, we have a labor surplus, unions have been decimated, and the money is all pooling at the top. Things may seem fine on paper for the corporations, but a definite imbalance is forming. Last time this happened, we had bread lines and mass migrations. WW2 put an end to it. Who knows what the end result will be this time around, left uninterrupted. Americans are a pretty rowdy bunch when agitated.
"If you took the minimum wage from 1960 and indexed it for workers’ gains in productivity, it would be $22 an hour today. And why shouldn’t employees reap the benefits of their own improved labor practices?, she asked at the hearing, rhetorically."
We have reaped the benefits. We own those companies as stockholders.
Except those who don't earn enough to capitalize on these gains. That's why some are suggesting, the waters are rising, but many aren't staying afloat. And for what the average family can afford to invest, they really haven't "reaped the benefits".
Except those who don't earn enough to capitalize on these gains. That's why some are suggesting, the waters are rising, but many aren't staying afloat. And for what the average family can afford to invest, they really haven't "reaped the benefits".
Over 72 million people (out of 139.206 million employed full time) have 401K plans. Obviously they aren't only the wealthy.
"If you took the minimum wage from 1960 and indexed it for workers’ gains in productivity, it would be $22 an hour today. And why shouldn’t employees reap the benefits of their own improved labor practices?, she asked at the hearing, rhetorically."
What's interesting is in decades past, improved processes actually did translate into a higher standard of living for Americans. Today, we have a labor surplus, unions have been decimated, and the money is all pooling at the top. Things may seem fine on paper for the corporations, but a definite imbalance is forming. Last time this happened, we had bread lines and mass migrations. WW2 put an end to it. Who knows what the end result will be this time around, left uninterrupted. Americans are a pretty rowdy bunch when agitated.
At the top-not at most corps I have been at. We award bonuses to a double digit percentage of the professional workforce..at every subsidiary, as well as corp..in the vast majority of years. The reality is when a subsidiary fails to qualify per objective measures to award bonus to that sizeable percentage, in general, much of the mgmt team there is job hopping shortly thereafter.
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To a large degree, that drove many corps increases in productivity.
