Jeb Bush declares war on American labor: “People should work longer hours”
"Recent research indicates that U.S. productivity has increased steadily since the 1940s. Through the 1950s and 1960s, hourly compensation rose along with productivity, but in the 1970s this connection severed. Since then, a disproportionate share of earnings has gone to shareholders and upper management rather than to ordinary workers. Instead of having already overworked Americans remain at work longer, a more sensible solution to the country’s economic woes would be to ensure that productivity growth translates into higher wages and to make sure there is continued investments in research and development that lead to innovations. Such investments require vision and risk-taking, but simply squeezing workers harder is not a viable alternative."
