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> My belief is that as the profits and shareholder compensation have risen disproportionately to wages It's not that simple: https://www.brookings.edu/wp-conte
by neilparikh 5y ago
> My belief is that as the profits and shareholder compensation have risen disproportionately to wages
It's not that simple: https://www.brookings.edu/wp-content/uploads/2015/03/finalincomeviz.png https://www.brookings.edu/wp-content/uploads/2015/03/finalin...
(From https://www.brookings.edu/bpea-articles/deciphering-the-fall-and-rise-in-the-net-capital-share/ https://www.brookings.edu/bpea-articles/deciphering-the-fall...)
The takeaway is that these additional gains in productivity are being captured by land (as expected based on the law of rent). The problem is that this is popular when the majority of voters (or at least, the ones active in politics and making their opinion heard) are homeowners.