4 ms·
What an amazing headline. "The rich are taking most of the gains for themselves" No, stock in certain valuable companies rose a lot when their inherent value
by Wolfenstein98k 5y ago
What an amazing headline.
"The rich are taking most of the gains for themselves"
No, stock in certain valuable companies rose a lot when their inherent value did (especially in relative terms), and stockholders thus hold a lot more wealth on paper.
- JKCalhoun 5y agoHow much did the wealth of the minimum wage workers increase (on paper or otherwise)?
- Wolfenstein98k 5y agoWhy would you compare the two? Starting a company that skyrockets in value (Musk, Bezos, etc) will never have a wealth trajectory like an unskilled labourer. There is no reason to expect wealth to grow at similar rates between people who do very different things, and have very different amounts of money to invest or skills to leverage for a high wage.