This sub likes to throw a lot of numbers of possible wages around after accounting for increases in productivity, but does anyone know of a study that looks into what could actually happen? Productivity is up, yes, but the US no longer has a stranglehold on the global economy like the 1950s. Vacuum production is way up, but a travelling vacuum salesman is no longer viable (even before online shopping), regardless of wage.
How much of depressed wages is due to corporate greed, and how much is due to a weaker economy? I've seen some plots of wages vs inflation vs profit margins vs productivity, but is there some math that puts it all together? If companies were making the same profit margins as they were, how much would the minimum/median wages be able to go up?