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>>That gap ends up mostly as profit that is absorbed by the ultra-rich. The statistics don't bear this pessimistic hypothesis out. Global wages have increased
by CryptoPunk 7y ago
>>That gap ends up mostly as profit that is absorbed by the ultra-rich.
The statistics don't bear this pessimistic hypothesis out. Global wages have increased faster over the last 20 years than at any point in history, and the global poverty rate has declined at similarly unprecedented rates.
Globally there has been no change in income inequality either.
- jandrese 7y agoInteresting premise, but the data doesn't support it very well. https://wir2018.wid.world/files/download/wir2018-full-report-english.pdf https://wir2018.wid.world/files/download/wir2018-full-report...
- CryptoPunk 7y agoI don't want to download a pdf from a random website. Do you have source that I would recognize?