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Yeah inequality has been in play for decades but heavily since 2000s. The Great Recession and subsequently Occupy Wall Street were early reactions to the sympt
by drawkbox 8y ago
Yeah inequality has been in play for decades but heavily since 2000s.
The Great Recession and subsequently Occupy Wall Street were early reactions to the symptoms that started heavily in the 2000s but really has been in play since the 70s. Share of GDP is a steady downtrend [1]. Velocity of money fell of a cliff in 2000s [2]. US GINI coefficient has increased steadily [3]. Inequality definitely became more of an issue in 2016 election but not much has been done to help it, it will continue to be an issue until UBI or GDP share changes.
[1] https://fred.stlouisfed.org/series/W270RE1A156NBEA https://fred.stlouisfed.org/series/W270RE1A156NBEA
[2] https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V
[3] https://en.wikipedia.org/wiki/List_of_countries_by_income_equality#OECD_countries https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...