And when a company becomes more profitable due to increased worker productivity, that profit has, historically, driven real increases in worker income. Historically, it has been increased productivity that has driven real increases in income, and it is that increased income that increases our standard of living.
The companies have not gone away just the employee's.
Creative destruction has been going on for centuries, and displaced workers have managed to find new employment, along with the tools and training needed, to drive productivity gains so they can earn more and buy more. That's why capitalism is the best economic system. It allows companies to become more productive and be more competitive.
Remember productivity is you doing more foe less.
Nonsense. Productivity is producing more so your work becomes more profitable so you can enjoy increased real income and the increased standard of living that comes with it. Or, do you think most families have just one car, a black and white television, no central air, and a clothes line running through their back yard?
By the way, measuring productivity in PPP is also nonsense. No one purchases goods and services in PPP dollars. PPP will work if you want to measure the cost of goods and services within a particular country, but it has no bearing on international trade or as a measure of an economy's size and, therefore, it's productivity, on the global stage.
my uneducated response is I do not receive more pay for doing more.