labor productivity Archives – Capital As Power

Category: Blog

Debunking the ‘Productivity-Pay Gap’

Posted On November 9, 2020September 24, 2021 By Blair Fix

Originally published on Economics from the Top Down Blair Fix Have you heard of the ‘productivity-pay gap’? It’s the (apparently) growing gap between the productivity of US workers and their pay. Here’s what it looks like: In this post, I debunk the ‘productivity-pay gap’ by showing that it has nothing to do with productivity. The […]

Category: Blog/Featured

No, Productivity Does Not Explain Income

Posted On January 17, 2020September 24, 2021 By Blair Fix

Originally published on Economics from the Top Down Blair Fix Did you hear the joke about the economists who tested their theory by defining it to be true? Oh, I forgot. It’s not a joke. It’s standard practice among mainstream economists. They propose that productivity explains income. And then they ‘test’ this idea by defining […]