3 ms·
3%? No. That's not even close. And you're leaving out indirect labor - people got paid to build everything you buy.
by gozur88 9y ago
3%? No. That's not even close. And you're leaving out indirect labor - people got paid to build everything you buy.
- kashkhan 9y agohow much labor does capital need to produce returns? the wages in economy are well documented. as well as returns on capital. Actual data matters. Don't take my word for it. read up an actual economist. http://voxeu.org/article/reducing-inequality-deconcentrating-capital#.WVnrmjhD6hQ.twitter http://voxeu.org/article/reducing-inequality-deconcentrating... The rich aren't rich because they put in more labor and got more salaries.
- gozur88 9y agoThis doesn't support your point at all. It's only tangentially related.