Low-Skilled Workers Everywhere Are Getting Squeezed
Harvard Business Review
MAY 7, 2014
In 1995, 79% of the value created in the process of manufacturing a German automobile was captured by domestic firms and workers; by 2008, German companies and workers captured only 66%. What is left over is the financial value created by the production process, which is split up between wages paid to workers, and returns to capital.
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