How do you defend this?

How do you defend this?

you dont

>hand rubbing intensifies

It is called globalization. Enjoy.

labor value theory is retarded

It's actually a fake chart. Not even kidding.

Robots and immigrants do more work for less money.

And automation. Enjoy that too, now that Chinese are becoming more expensive than machines again.

It's not like the increase in productivity was caused by people working harder, it was caused by technology. People aren't doing more work, so why should they get paid more?

It's called capitalism. The same shit happened within nations back in the day, now spread globally.

What happened? It is too abrupt change to be a coincedence

>The Jamaica Accords were a set of international agreements that ratified the end of the Bretton Woods monetary system. They took the form of recommendations to change the "articles of agreement" that the International Monetary Fund (IMF) was founded upon. The agreement was concluded after meetings 7–8 January 1976 at Kingston, Jamaica by a committee of the board of governors of the IMF.
>An amendment was made in 1978 to allow for the creation of Special Drawing Rights, described as "a rather cheap line of credit" for developing countries.

Instead of finding excuses, how about you address the fact that the chart is fake?

automation
reaching steady state
shift to services

Because if more value is created by technological advancement, why shouldn't all workers get paid more?
>ahh yes Schlomo your cum tastes so good pay me less please!

because the increase in productivity is due to computers/automisation/production lines, not necessarily blue collar tier workers working harder or smarter

That graph is wrong. Divergence started in 1999-2001

If the workers are creating that technology they get paid more
It is unskilled labor that is dragging prices down

Because whereas the work of the average unskilled blue collar worker did become more and more valuable until the 70s, outsourcing began to kill that from 70s onwards because pajeets etc developed enough so that they could manufacture a tshirt the same way a Brit, American etc would but for a tiny fraction of the wage.
Today, we witness an even bigger shift as machines begin to take over skilled blue collar work. The welder, the machining specialist etc will literally become obsolete over the coming decades as electronic control etc. become more and more effective and we get computers capable of learning.
Perhaps the next step will be these learning computers starting to replace engineers, doctors etc?

-t. mechanical engineer

Computers started replacing engineers long before they got to blue collar workers. Being an aspiring engineer used to mean redrawing blueprints all day.

t. CAD developer

So the top jews take all the extra wealth.If you think it's fine think again, this is why white people have less children, they can't afford it.

computers/machines/automation makes the productivity go up

CEOs won't be happy until there are few if any human employees. they'll rake in all the dough with minimal effort.

going to be hilarious when AI becomes sufficient enough to run a company better than humans. i guarantee then and only then the corp execs will start denouncing all this automation they've been investing in for the last few decades.

No its because welfare drives up prices

Then prices will come down until people start hiring and consuming again

Yeah that's monkey work, and I'm quite glad I'm not a CAD monkey. Come back when a computer can decide on the optimal size of an aircraft's empennage with incomplete data.

whatever are you talking about? what's there to defend?

Computers and automation

I would build a wall.

That should be dendable then.

You don't. Thank unchecked immigration and feminism for expanding the size of the labor force so much that its worth plumetted.

Fake as fuck

OP removed the source, but if you trace it, you'll find that the source is biased as fuck

>labor value theory
Trashed right there

>wages are the only form if employment compensation

You guys are retarded

Owner - I invested 40 million dollars from my estate in this new machine that can automatically produce 20x more widgets per hour.

Grunt - Great now you should pay me 20x more to sweep the floors.

>this is what leftists believe

>monkey work
It's still a job. People who just graduated have to do something.

>Come back when a computer can decide on the optimal size of an aircraft's empennage with incomplete data.
That's funny because I'm writing a paper on knowledge based design right now. My russki college won't get this shit to the industry but some large company like Siemens will and pretty soon.

>Perhaps the next step will be these learning computers starting to replace engineers, doctors etc?
I don't think so. Realistically anything creative or with extensive knowledge requirements is far, far off for AI systems. But assistant doctors and nurses could get replaced by semi-AI assistant machines. Usually the trend was to create a machin-user synergy that increases the productivity of the human. So again we have the possibility to increase the effectiveness of the average nurse and assistant doctor, increasing the ressourcefulness of the individual hospital. But as before it could very well increase the education and training requirements even for low to middle assistant jobs. Low grade education and pure blue collar training will become even more obsolete and even the welder will have to learn some about robotics and mechantronics and machine learning.

Sup Forums keeps falling for Marxist tricks