[oblio]

Salary growth for the past 30 years has been slower than productivity growth.

So I'd see your point as already happening, companies have already capped salaries, except for executives, who basically set their own salaries.

[briandear]

However consumer prices have gone down over the same period. A refrigerator today costs much less in terms of labor hours than it did 30 years ago. So productivity growth has led to a rise in living standards.

[knightofmars]

> So productivity growth has led to a rise in living standards.

I love seeing this statement. It's true but the people who post it never follow up evaluating whether or not productivity growth has far out-paced the rise in living standards. If productivity growth has been exponential while the rise in living standards has been linear that's a sign that there's a problem regardless of whether or not living standards have risen.