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I’m not seeing the productivity gains anyway, buddy, I work for minimum wage and you’re barking up the wrong tree. Growth doesn’t matter if it doesn’t reach th
by RaiseProfits 7y ago
I’m not seeing the productivity gains anyway, buddy, I work for minimum wage and you’re barking up the wrong tree.
Growth doesn’t matter if it doesn’t reach the people.
- duxut_staglatz 7y agoYes, indeed. But growth does matter if it reaches the people, which is scythe's point.
- RaiseProfits 7y agoRight, so growth in its current state is a wealth vacuum distributing wealth from high impact places to low impact places. I don’t see how that works as an argument for MORE growth.
- duxut_staglatz 7y agoThen we should have more growth _and_ a better distribution of the gains from growth. But merely better distribution without growth leaves us in the USD17k scenario. The original comment point is that there is that growth is needed (but not sufficient) if one wants both conditions he pointed out to happen - which is most people.