Why the buying power of wages is diminishing all over the world?

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Why is the cost of living going up when technology should allow humans to increase productivity while decreasing human workload?

In: Economics

15 Answers

Anonymous 0 Comments

because returns on capital are better than the rate of growth of labor.
[https://en.wikipedia.org/wiki/Labor_share](https://en.wikipedia.org/wiki/Labor_share)

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