Does Productivity Lead to Wealth?

Some remarkable statistics in the Globe and Mail last weekend got me wondering about productivity. While the technology revolution has been good for productivity, it may not be true that productivity has been good for the average worker. Right now, about half of the 14 million or so Americans who are unemployed, have been unemployed for more than 6 months. Furthermore, recent census statistics have shown that the median income for working-age households fell 10 percent between 2000 and 2010, even as women worked more hours. The real nail in the coffin is that the average real wage for working men is now lower than it was in 1973. I suspect that the technology revolution has really only benefitted a few of us and it has widened the income gap as it resulted in the rich getting richer and the poor getting poorer.