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Why "efficiency" and "productivity" really mean more profits for corporations and less sanity for you.

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Filed: Country: Philippines
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In the past 20 years, the US economy has grown nearly 60 percent. This huge increase in productivity is partly due to automation, the internet, and other improvements in efficiency. But it's also the result of Americans working harder—often without a big boost to their bottom lines. Oh, and meanwhile, corporate profits are up 20 percent.

Productivity has surged, but income and wages have stagnated for most Americans. If the median household income had kept pace with the economy since 1970, it would now be nearly $92,000, not $50,000.

change-since-1979-600.gif

Growth is back...

change-in-gdp-300.gif

....but jobs aren't.

change-in-employment-300_0.gif

Labor pains...

Median yearly earnings of:

Union workers: $47,684

Non-union workers: $37,284

share-wage-salary-workers-unions-300.gif

More and more, US multinationals are laying off workers at home and hiring overseas.

dude-wheres-my-job-300_0.jpg

The US is part of a very small club of nations that don't require...

8-640.jpg

http://motherjones.c...g-harder-charts



Edited by 8TBVBN

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Filed: K-1 Visa Country: Russia
Timeline

The US is part of a very small club of nations that don't require...

8-640.jpg

http://motherjones.c...g-harder-charts



What's the point of requiring 24 hours off each week? Is there really an employer anywhere that pays people to work more than 144 hours a week?

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