SOC 102 Lecture Notes - Lecture 3: Living Wage, Pension, A Generation
Document Summary
Compensation has not kept pace with productivity. The rate of productivity has been increasing at a much higher rate than the rate of hourly compensation: productivity is measured by how much is produced. The result of this is that those who profit from labor have done very well. As productivity increases, corporations and investors can make more money, but workers will not see any more. Us workers work more hours per week than any country in the industrialized world. Average worker works 1,804 hours per year. Wages have remained stagnant or declined while productivity has risen. Politically-motivated assault on unions by presidents regan, w bush, h. w. bush. Public opinion has turned on unions because some are undemocratic, scandal ridden, and too zealous in their demands. Businesses have done all they can to avoid unionization. Some corporations have moved their operation to nonunion states.
