By the way, Marx literally predicted wages stagnating even as production increases. I’ve also added some other benchmarks to help gauge where earners would stand given how much they currently earn.
25k in 2020-> 57k
35k in 2020-> 80k
45k in 2020-> 103k
50k in 2020-> 108k
75k in 2020-> 172k
100k in 2020-> 229k
In your “other benchmarks” table, why aren’t the numbers linear? That is, if 25k (2020) translates to 57k, why doesn’t 50k (2020) translate to twice that, 114k?
edit: I actually don’t understand a lot of this. I’m gonna have to find the source and read it
They are not linear because we are multiplying by the percent difference and not just adding. So instead of ($x1973)+($y2020) it is (x1973)•(productivity%2020-compensation%2020)
I guess I don’t understand the whole framework then. I looked around a bit and found this post, is it where the context for these numbers/calculations come from?
