Greenspans vulgar comments on labor to congress [1]. First labor is unique, you can't create value or wealth without labor and for the last 40 years policy has

Greenspans vulgar comments on labor to congress [1]. First labor is unique, you can't create value or wealth without labor and for the last 40 years policy has been systematically privileging capital above everything else and wages have stagnated. But either they get their fair equity or someone else is going to have to pay for housing, education, medicare and more, if Bezos and Waltons don't its you or us who are going to be stranded with the bill. So the middle class already paying a huge chunk of income to renteers and asset inflation by the financial class when not bailing them out them out also have to bankroll poorly paid labor by 'wealth creators' like Bezos and Waltons. If your grand plan is feudalism and a new class of serfs this is exactly how you would go about creating it. And there are other consequences of a narrow view of wealth and society. If people are poorly paid then demand is going to tank hence the sudden fascination for UBI by neoliberals and libertarians. And when people are not stable you have an unstable society, things like marriage and stable families goes out of the window, fewer are vested in the future, the pipeline of new workers comes to a standstill and at this point either you start subsidizing families or import labor. May you live in interesting times. [1] https://www.federalreserve.gov/boarddocs/hh/1997/february/testimony.htm https://www.federalreserve.gov/boarddocs/hh/1997/february/te...