Productivity and the Minimum Wage

From: D Sent: Sunday, September 10, 2017 3:43 PM To: wblock@loyno.edu Subject: Productivity and the minimum wage. Hello Dr. Block, I was wondering why you think that wages have been relatively stagnant while productivity has been increasing rapidly over the last decades? This has been used as a reason for raising the minimum wage. According to one statistic I heard, productivity has gone up 73% from 1973 to 2013 and wages have only gone up 9%? According to:https://www.theatlantic.com/business/archive/2015/02/why-the-gap-between-worker-pay-and-productivity-is-so-problematic/385931/. Also, I wondering why countries without a minimum wage like Iceland, Norway, Sweden, Finland, Denmark, Austria, Germany, Italy, Switzerland are not in … Continue reading Productivity and the Minimum Wage