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Up until the mid 70’s employee wages rose at a rate commensurate with productivity.
That ended with trickle down and wages flat lined. ~10% increase over 50 years. C level pay has increased ~1,100% during the same period.
Employees as a metric of COGs / ROI have not contributed to increased costs.
If wages had continued to track with production the Fed minimum wage would be $22.00 today.
Interpret that however you want.
It’s not opinion, simple facts
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