4 ms·
It’s trickled down but in narrow bands. For example, starting salaries in the Bay Area are up big in the last decade, partly because of an influx of easy money
by dev_dull 7y ago
It’s trickled down but in narrow bands. For example, starting salaries in the Bay Area are up big in the last decade, partly because of an influx of easy money into tech growth tech companies.
However, much of that goes directly into the pockets of land owners.
Ultimately the winners in QE are those that own the finite resources.
- siculars 7y agoYa, and? Isn't that always the case - the owners of finite resources profit. Is there some other way it would be?
- piva00 7y agoHaving more owners of finite resources instead of helping them to concentrate it through mergers and acquisitions could be a way.
- chiefalchemist 7y ago> " the owners of finite resources profit" That's not the issue. The issue is the Fed tilted the game in the favor those already winning the game. And as a friendly reminder, no one elected the Fed.
- deleted 7y ago[deleted]