Quote (thesnipa @ Dec 6 2017 08:34pm)
that firms are reaping the benifits of an increase in both technology and technological knowledge that was paid for via public education. they paid for the computers, and taxpayers paid for word, excel, etc training for an entire generation to make them "work ready". yet workers haven't been compensated with anything but continued employment at best, and to be replaced by younger pre-trained people at worst.
now firms seek to take employment away from even the unskilled in record time. but that's another subject.
Firms didn't take all that benefit, competition drove down prices to a market equilibrium which allowed for goods and services to be provided relatively cheaper. When all firms possess that technological advantage, the cost savings would be heavily weighted to consumers unless there was collusion in the case of an oligopoly.