alt Hacker NewsIsn't that the whole point? That as total productivity has increased (represented by the mean), the wage increase has gone to the top.
Isn't that the whole point? That as total productivity has increased (represented by the mean), the wage increase has gone to the top.
That’s because most of the productivity increases come from the top as well.
Compare like to like. Mean productivity increase tracks mean wage increase super well, same for median productivity increase vs median wage increase.