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I'm not sure what the mechanism would be for this- it seems like the last 100 years have been solidly trending toward greater and greater wealth inequality, wit

I'm not sure what the mechanism would be for this- it seems like the last 100 years have been solidly trending toward greater and greater wealth inequality, with a brief hiatus caused by new deal policies and the great depression. Even worse, since the 50s wealth generated by increased production from automation has accelerated this trend, breaking the rough correlation between productivity and real median family income. In short, there is no way we can fix this (as far as I can tell) without major radical restructuring of how we distribute wealth. I'd say the odds of that happening are pretty slim.

lotsofpulp 5y ago
>I'm not sure what the mechanism would be for this- it seems like the last 100 years have been solidly trending toward greater and greater wealth inequality, with a brief hiatus caused by new deal policies and the great depression. The mechanism would be lower supply of labor relative to demand. And many, many people have experienced increases in quality of life and increases in the wealth. It just happened to come close the gap with the middle in developed countries, not the richest.