Gullability Abounds.
So, if the costs of production (and labor is a cost of production) drops, the savings are shared with non-shareholding employees? On what planet? Do you really think that if tomorrow the mandatory employer contribution to your FICA taxes was dropped, that you'd see any gain on your paycheck? You can't be that naive. Technology has boosted productivity in the past 20 years. How much of those savings have been passed on to employees? Are we earning more in real wages? Have we kept our pay the same and started working fewer hours/week? Have lay-offs ended? Of course not. That is NOT the way American capitalism works. Any savings of any business are passed on almost exclusively to the shareholders, almost never to the wage slaves of the shareholders. Geesh! And I thought you were playing along at home.
