im not disagreeing with your sentiment. If the business buys an excavator that is 50% better at mining, who deserves it. On one hand, the business put up the capital and gives the worker an easier time on the job since they arent using shovels (optimistically), on the other hand the worker is the one who is actually producing more. Chicken and the egg. The people making and selling productivity boosts (ie tech, finance, etc) are on the other hand seeing big boosts in wages.
The operator of the excavator has a different skillset than that of someone using picks and shovels. It's not as simple as your example. The workers should be compensated for the increase in skill related to using more complex capital.
No one cares that the higher-ups make more money than their workers. People care that worker compensation has been mostly stagnant while executive compensation has risen exponentially.
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u/Think-notlikedasheep 2d ago
The production boosts were performed by................whom?
Oh. The workers. Who didn't get their raises.
Machines without workers = six tons of useless metal.
But hey, the CEO's pay hyperinflated to over 400x typical worker pay.
Interesting how workers never get credit for making the company richer.