Productivity Doubled -- And The Middle Class Got Screwed. What Went Wrong?
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And without strong unions on the nation’s political stage, basic labor standards — like the minimum wage — have lost much of their capacity to guarantee workers a fair share of the wealth that increasing productivity creates.
So what does the future hold? Probably continued higher productivity. But that higher productivity, EPI's Mishel reminds us, won’t translate into better lives for all Americans — unless we share the wealth that higher productivity creates.
Sam Pizzigati is the editor of the online weekly Too Much, and an associate fellow at the Institute for Policy Studies.