chewybrian wrote: ↑October 17th, 2021, 8:55 am
Does the average American give any thought to the life of the man or woman in Pakistan who makes their cargo shorts or sweaters?
No, for the simple but excellent reason that if we tried to "give some thought" to everyone who had some role in producing everything we buy or use, we'd have time to think of nothing else --- such as how to improve our own lives --- and still never get to the end of that list. If we do happen to think about some of those people, and we're not deluded lefties, we'll be happy we could help them improve their own lives buying their products and thus giving them a better job than they probably ever had before.
Who places a priority on or even gives a passing thought to their dignity, to helping them to self-actualize and become the best and the happiest person they can be?
Virtually no one. That is because everyone places the priority on their
own self-actualization and securing their
own happiness, and expect that people in Pakistan will be doing the same. The latter will not be fretting over our self-actualization either. That is what "self-actualization" means.
In addition to receiving ever less pay relative to productivity, we've lost defined pensions, many other benefits, job security, even full-time working hours and set schedules for many. Unfathomably, many of the people most negatively impacted by this change have been convinced that they are the beneficiaries. I don't know how we can reverse the trend.
Those constantly repeated complaints about the "wage-productivity gap" are specious, being based on the false assumption that wages should track increases in productivity. The increases in productivity over the last 20-30 years have been due almost entirely to improvements in technology, not to improvements in worker talents, skills, or experience. Thus the benefits accrue to the capital which financed the technology, not to the worker who operates the machine. That worker's contribution to the production process has not changed; hence neither has the value of his labor.
Nonetheless, as your own chart (and all others) shows, wages have increased over that period, in constant dollars --- though the current government-created inflation spiral will likely erase most of that gain.
https://www.cnbc.com/2021/07/27/wages-a ... y-cut.html