Depends on how you are measuring productivity, and one must also consider the role of technology.
The reality compensation won't keep up. The U.S. was the industrial power of the world following WWII (other nations devastated, and as time past even third world industrializes due to cheaper costs) and could pay workers big time.
Competition has changed the game.
Mix in the influx of low-education/low-sill workers in an increasingly high tech U.S. market, which in turn undermine wages for low-education/low-skill domestic workers (those that for whatever reason reject or leave education) and wages will go down while the push for higher productivity will continue.
No way to really fix it at a societal level - only people can fix it at their individual levels. There are some things you could do to ameliorate it (reduce immigration inflow, drastically alter the anti-education subculture that permeates the U.S.), but I don't see the political or cultural will to do such things.
