3 ms·
the economic differences between classes just comes down to neighborhoods, property wealth and accumulated family wealth... not necessarily income. In the long
by bernawil 6y ago
the economic differences between classes just comes down to neighborhoods, property wealth and accumulated family wealth... not necessarily income.
In the long run salaries (incomes) tend to subsistence levels, capital dwarves labor and it all comes down to "accumulated family wealth". That's the normal. Postwar raised the relative value of labor for a while but that cycle is coming to an end.