Is "productivity" a code word?

So, I'm starting to think that "productivity" is a code word for let's screw the workers again. As usual that means a round of firings and wage cuts. I've seen charts where productivity increases all the time and is at historical highs and going up all the time. Wages, however, have not kept pace and are flat lining, perhaps even going down.

My question is how can we allow this stuff to keep going on? We know better, but everyone looks away and accepts it as normal or even praise worthy.

From article:
Americans are becoming less productive, and that's a risk to the economy

 

If there is one thing guaranteed to make people less productive, it's rewarding the parasitism of the privileged more than productive contribution. That is exactly what the USA has been doing, more and more, for decades.

 

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It's always spun as workers getting lazy and stuff, when in real life crappy stupid management is always the major factor. Combine pandering to the financial sector and off-shoring most of the high productivity jobs, then of course 'productivity' goes down; service industry jobs aren't as productive re value added per worker, and of course the latter are 85% + of all jobs created for the last 40 years or so.

 

I admit that I am biased.....
but it sure looks to me as if Biden and Trudeau, (but really whoever it is who has their ear and has a great deal of influence over the speeches that they give and the policies that they implement) ...... are deliberately attempting to make American and Canadian workers less productive, especially for these past three years!

Do Biden's advisors and Trudeau's advisors seem to want to crash the markets?

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Do Biden's advisors want to create an economic crisis?

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   Yes
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3. 
   I certainly hope not????
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   I hope so... because I know how to invest no matter which way this goes!
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Like everything else in class society, productivity needs to be seen in the context of classes and how the ruling class wants to manage it.

Capitalist want to manage productivity for maximum profits. For example, they aren’t going to produce more than they can sell at the price they want and the profit they want.



So together with government’s help, capitalists manipulate supply in order to maximize profit versus cost of production. (Realize that the green “market supply curve” in this graph really represents the profit that is available per price.) The “Equilibrium price” is the “sweet spot” where optimum profit vs. quantity exists.

 

In the current labor markets, where a shortage of labor exists, employers will expect more out of each worker to cover the gaps. That doesn't always equate to higher wages unfortunately.

While base wages have gone up because of the labor shortage, a lot of the people in existing positions are being asked to do more without the increase, which usually drives them out, and the employer loses productivity during hiring and training. So many headed for early retirement will make the situation even worse....

 

'Base wages' are lower then they were in 1955, and most industries are dominated by duopolies and monopolies and the price fixing and wage fixing that goes hand in hand with those, especially in the tech industries, which can get green cards and import cheap labor for the high productivity jobs they don't outsource to assorted labor racketeering regimes, all subsidized by our own govt. and tax code, along with such scams as NAFTA and other lop-sided trade agreements.

Citing 'market economics' is just an exercise in self-delusions and/or baseless propaganda. 'Business' always hates competition and eliminates it by any means possible, but almost never via 'free market competition'. Outsourcing the high productivity jobs and then importing millions of illegal aliens is a recipe for destroying your country, which of course is exactly what both left and right wing nutjobs are fighting for.

There has never been a 'labor shortage' in the U.S., not even during the World Wars; there have just been employers who want heap easily abused workers, and as we've seen they never ever pass on any cost savings to their customers, for houses, wholesale meat prices, or anything else where cheap illegal labor is used. They just pocket the extra loot and drive out honest businessmen from the markets and industries.. Then both side snivel and cry about 'corruption stuff', as if they were ever opposed to that.