The problem is that the workers have allowed themselves to be attached to the labor, and be responsible for the output, without having any connection to the benefit of the additional output. If the labor force creates more product, and the company earns more as a result, the workers should also earn more as a result, but they don’t. They just work harder for the same pay, so those at the top benefit by their increased labor.
Management should incentivize increased output. Otherwise, why bother?
That’s not how output is increased in a substantial manner though. Incentives can marginally increase productivity but that’s a one-time boost. Sustained substantial productivity growth is achieved via technology. E.g. calculate using computers instead of by hand. Use power tools instead of manual tools. That’s the kind of changes that have increased labour productivity in the US by over 400% since the 50s. The capitalist system never pays workers what they poduce. Anyone is only ever hired if they’ll produce more than they receive in wage.
They were right.
The problem is that the workers have allowed themselves to be attached to the labor, and be responsible for the output, without having any connection to the benefit of the additional output. If the labor force creates more product, and the company earns more as a result, the workers should also earn more as a result, but they don’t. They just work harder for the same pay, so those at the top benefit by their increased labor.
Management should incentivize increased output. Otherwise, why bother?
That’s not how output is increased in a substantial manner though. Incentives can marginally increase productivity but that’s a one-time boost. Sustained substantial productivity growth is achieved via technology. E.g. calculate using computers instead of by hand. Use power tools instead of manual tools. That’s the kind of changes that have increased labour productivity in the US by over 400% since the 50s. The capitalist system never pays workers what they poduce. Anyone is only ever hired if they’ll produce more than they receive in wage.