Using data by the U.S. BLS, the average productivity per American worker has increased 400% since 1950. One way to look at that is that it should only take one-quarter the work hours, or 11 hours per week, to afford the same standard of living as a worker in 1950 (or our standard of living should be 4 times higher). Is that the case? Obviously not.
Someone is profiting, it’s just not the average American worker.
Information at link:
http://20somethingfinance.com/american-hours-worked-productivity-vacation/
20 minutes ago
