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Deregulation has allowed strong players to capture more wealth. I think you have it all backwards. Causation is not correlation, however, at the height of taxa
by iamcasen 10y ago
Deregulation has allowed strong players to capture more wealth. I think you have it all backwards.
Causation is not correlation, however, at the height of taxation and regulation, the middle class was the strongest ever. That has eroded since the '70's until today, with wages staying relatively flat.
So tell me why deregulation is better then? If things are worse now, and they obviously are in terms of wages. In the '60's a man could work at the factory and support a family of four. That is an absolute impossibility now.
- Tremendous_P 10y agoBut there has been a growth of regulation. The bookings paper explains how regulations have contributed to growing income disparity. And no, wages are better now than in the 1960s..