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I'm not sure that returns on capital always grow quicker than wages. It depends on how things are structured, right? If labor has more power than more of the ga
by jeffreyrogers 6y ago
I'm not sure that returns on capital always grow quicker than wages. It depends on how things are structured, right? If labor has more power than more of the gains go to labor. We're currently in an environment where labor has very little power.
- david-gpu 6y ago> I'm not sure that returns on capital always grow quicker than wages Suggested reading: "Capital in the 21st century" by Piketty. He presents data and arguments for why this is a major trend in capitalism, and suggests a progressive wealth tax to ameliorate this. Note that I'm not advocating for or against it.
- username90 6y agoBefore software there was a limit to how much infrastructure could be built. There is no point in building more factories than you have workers for etc, but with software we can continue building software infrastructure more or less forever which makes wealth limitless.