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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mastodon.me.uk/ap/users/116675067652937535/statuses/116987248214067883">Emeritus Prof. Christopher May (chrismayla6@mastodon.me.uk)'s status on Monday, 27-Jul-2026 03:06:45 JST</a><a href="https://mastodon.me.uk/@ChrisMayLA6" title="chrismayla6@mastodon.me.uk"><img src="https://gnusocial.jp/avatar/404622-48-20260702103743.webp" width="48" height="48" alt="Emeritus Prof. Christopher May" style="position: absolute; left: 0; top: 0;">Emeritus Prof. Christopher May</a></section><article><p>People puzzled by the divergence between productivity growth &amp; workers' wages (wages no longer follow productivity but are on a lower track) and observe the declining share of labour as opposed to capital in GDP, often downplay the decline of unions but scramble to find other causes, because any decline in unionisation predates the decline in workers' share.</p><p>Well, they've forgotten the lag &amp; stickiness in wages... a delayed effect is still a cause. </p><p>Less unions, less pay!</p><p><a href="https://mastodon.me.uk/tags/workers" rel="tag">#workers</a> <a href="https://mastodon.me.uk/tags/unions" rel="tag">#unions</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/6579040#notice-12953137">In conversation</a><time datetime="2026-07-27T03:06:45+09:00" title="Monday, 27-Jul-2026 03:06:45 JST">about 19 days ago</time> <span>from <span><a href="https://mastodon.me.uk/@ChrisMayLA6/116987248214067883" rel="external" title="Sent from mastodon.me.uk via ActivityPub">mastodon.me.uk</a></span></span><a href="https://mastodon.me.uk/@ChrisMayLA6/116987248214067883">permalink</a></footer></blockquote>

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Emeritus Prof. Christopher May (chrismayla6@mastodon.me.uk)'s status on Monday, 27-Jul-2026 03:06:45 JST Emeritus Prof. Christopher May
People puzzled by the divergence between productivity growth & workers' wages (wages no longer follow productivity but are on a lower track) and observe the declining share of labour as opposed to capital in GDP, often downplay the decline of unions but scramble to find other causes, because any decline in unionisation predates the decline in workers' share.
Well, they've forgotten the lag & stickiness in wages... a delayed effect is still a cause.
Less unions, less pay!
#workers #unions
In conversationabout 19 days ago from mastodon.me.ukpermalink

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