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> "working class people make $x a year that grows probably much less than 7% a year. So if inflation is higher, wealth inequality grows less quickly" How does
by briefcomment 5y ago
> "working class people make $x a year that grows probably much less than 7% a year. So if inflation is higher, wealth inequality grows less quickly"
How does wages not keeping up with inflation decrease inequality?
- satya71 5y agoWages tend to keep up with inflation. Idle assets on the other hand don’t.
- briefcomment 5y agoMy wages have certainly not kept up with houses, land, crypto, or anything scarce really. Those idle assets seem to be capturing all the gains.
- tolbish 5y agoWage gains have gone to the highest tier workers, not the lower/middle class.