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This article is the definition of what's wrong with journalism. So many assumptions that aren't supported with facts and just proposed as facts; with an extreme
by sleepysysadmin 7y ago
This article is the definition of what's wrong with journalism. So many assumptions that aren't supported with facts and just proposed as facts; with an extreme amount of one sided bias.
If you actually 'understand economics' which is more about 'understanding that you don't understand economics'
One thing is for sure is that we are wealthier now than ever before in history. In 1969 how many households had infinite knowledge at their hands? How many even had basic appliances?
>The rise of economics is a primary reason for the rise of inequality.
It's literally supply/demand. https://en.wikipedia.org/wiki/Labor_force_in_the_United_States#/media/File:US_Labor_Participation_Rate_by_gender.svg https://en.wikipedia.org/wiki/Labor_force_in_the_United_Stat...
As women entered the workforce, men left the workforce. Which isn't a bad thing, talented women are now contributing to society and displaced the incompetent men.
Those men however are still looking for a job and so we have greater supply and same demand. It means those people at minimum wage are competing with each other and driving their wages down.