Tuesday, October 2, 2012

Modern School: 40 Years of Declining Wages & Living Conditions

Modern School: 40 Years of Declining Wages & Living Conditions:


40 Years of Declining Wages & Living Conditions

Huck/Konopacki Labor Cartoons

Increased productivity (i.e., goods and services produced per hour worked) is the theoretical basis for improved living standards under capitalism. This is because with increased productivity employees can work fewer hours to accomplish more and/or earn more money per hour worked since they are producing more. However, it is only in theory that their living standards improve since their compensation and working conditions (including the length of the workday and the amount of work they must complete each day) are determined by the 

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