this post was submitted on 06 Apr 2024
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This sounds like productivity is commensurate with pay. Maybe instead of advocating for interest rates to drop (which has issues of its own), we should be advocating for proper pay raises?
Edit to add a note: This comment is intending to call them out about poor wages. If you want more productivity, then pay us for it! I'm sick of doing the work of 3 people with measly, if any, wage raises!
The productivity/pay correlation has seized being true for several decades now. I'm not sure why some economists keep repeating that wages rise when productivity rises despite the data. That there's a match within this period for Canada is probably a coincidence.
ceased being true*
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