With all of that increase in worker productivity, workers doing a lot better. Not so good. Not so good. No. In fact, there are studies out there that suggest In real inflation accounted for dollars, wages are actually lower now than they were 52 years ago. Okay. And during that same period is a massive transfer of wealth from the bottom 90% to the top 1%. So that's what technology has done over the last 50 years. (42:30–42:36)
CLAIM
Asserts that inflation-adjusted wages are lower now than 52 years ago.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.