Decreasing Productivity and Increasing Wages

___"Federal Reserve Vice Chairman Stanley Fischer called for better fiscal and regulatory policies that could help boost the U.S. economy's flagging productivity growth rate and help the central bank avoid having to drop interest rates to near zero again." The Fed was created in 1913 to maintain a stable currency. Having failed at that, their role was expanded to use monetary policy (low interest rates) to grow the economy. The lower trend in productivity should have nothing to do with the Fed unless industry wants low-interest capital in order to automate.

___We have an anomaly where labor rates are increasing (not necessarily in constant dollars), but productivity is decreasing. In economics only increases in productivity of labor (not automation) should result in wage increases. Now you get paid more whether you work hard or not!