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>Wages have never been higher, and there have never been more people. Wages have essentially been flat for most workers since the 1970s[0] >This zero-sum Malt
by knuththetruth 8y ago
>Wages have never been higher, and there have never been more people.
Wages have essentially been flat for most workers since the 1970s[0]
>This zero-sum Malthusian thinking is not only untrue, but following it collectively will make us much, MUCH poorer and worse off.
I agree, but unless the US is willing to claw back wealth from the robber barons of our age, build a sustainable future with social services on par with other developed countries, people are going to respond to the tenuousness of their circumstances in this fashion.
[0] https://hbr.org/2017/10/why-wages-arent-growing-in-america https://hbr.org/2017/10/why-wages-arent-growing-in-america
- jpttsn 8y agoHave other countries solved the problem? Which ones?
- knuththetruth 8y agoThe US solved the problem in the postwar period by taxing the wealthy at high rates, providing subsidized housing and education, and numerous other social democratic benefits to their population. This, combined with liberal immigration policies, resulted in tremendous growth.
- firic 8y agoand of course by bombing all of the competitors factories making the US a monopoly in manufacturing.
- knuththetruth 8y agoYes, that of course was important. But given that today we see greater social mobility in wealthy social democracies than is present in the US demonstrates that this was not the exclusive cause.
- baybal2 8y ago>and of course by bombing all of the competitors factories making the US a monopoly in manufacturing. But also making them poor enough to not to be able to buy anything from America. This is 9 out of 10 people pulling out this argument forgot.