Originally posted by DanS
Interesting links brought up in the following article. Labor Productivity & Wages, Capital Productivity & Profits. It seems so simple, but I had never thought about it in those terms.
Interesting links brought up in the following article. Labor Productivity & Wages, Capital Productivity & Profits. It seems so simple, but I had never thought about it in those terms.
Btw, as the ratio of income from labour to capital is pretty stable, and capital productivity is quite stable too, it is a folly to say that strong rises in labour productivity are good for profits. Temporary at best.
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