Canada

You mentioned that a recent period it appears that productivity has grown as much as wages. I wasn't sure if you're restating the common mainstream economic refrain that productivity growth drives wage growth so I threw the data that disputes this narrative.

I absolutely agree that wages haven't kept up, and the data shows that. And the rest of your point about the psychology of stagnant pay for more work.

I keep hearing from mainstream economists (recently from the BoC) that we need to increase productivity in order to increase wages. But that hasn't worked for three decades! 😂 It's almost like there's been another driver that kept this correlation tighly coupled in the past. Perhaps the stronger leverage to demand raises that stronger unions used to provide prior to the union busting era might have had something to do with it. 🥹