We wouldn’t be underpaid if things were priced according to their actual cost because the actual cost of things is based on the low salary that people make!
Yet we produce more than ever per hour. So by that account either prices should decrease over time to reflect that, or our wages should be going up. :D
We wouldn’t be underpaid if things were priced according to their actual cost because the actual cost of things is based on the low salary that people make!
Yet we produce more than ever per hour. So by that account either prices should decrease over time to reflect that, or our wages should be going up. :D
Exactly, prices should go down over time as output increases for the same amount of labor!