economy
Economy and the area of production, distribution, trade, and consumption of goods and services.
Why wages and productivity look set to diverge further
For decades, economic theory suggested that when workers became more productive, their wages would rise alongside their output. Higher productivity meant businesses could create more value, generate greater profits, and afford better compensation for employees. However, in recent years, this relationship has weakened in many economies. Productivity continues to increase, but wage growth has often failed to keep pace, creating a widening gap between the value workers produce and the income they receive.
By Sagheen Khan3 months ago in Journal
