Comment: Im not sure I understand.

(See in situ)


Im not sure I understand.

Im not sure I understand. Technology allowed the secretary to work less? In reality that secretary would be fired or given more responsibility if she had more time. Instead of just doing the invoicing, she would man the phones, order supplies, etc. She would be doing the work of maybe 3 or 4 other people. This would save the company money and allow more capital to be allocated to other things possibly creating newer, higher paying jobs. How is the Fed robbing the difference? I think the gap in the graph can be explained in part by technology outpacing workers reeducating. A lot of the workforce is forced to take lower wage jobs because they can't keep up. The increase in output is explained by the advancing technology. Thats just my take. I think I agree with what you are trying to say, maybe it just needs a little more explaining.