2 ms·

Sure, some assets do well when others do poorly. But labor is an asset too, and it's possible for labor to come out ahead when everything else is doing badly.

• ThalesX 5y ago
  Capital owners would have to crash through a lot of safety nets to even get to the point where they would consider labor as a possible means to get ahead.
  • DennisP 5y ago
    No, what I mean is that capital owners can do badly while workers increase their income.
  • trgn 5y ago
    I think that's overextending the parent's point. Labor can certainly come out ahead. Market crashed (or at least tech did), and will likely continue to do so. If you're a rentier now, it doesn't mean you'll end up in the poor house, but you're certainly getting clobbered versus the sharp income increases skilled labor is seeing today. I think you'll see this inversion very concretely at the edges; the FIRE-crowd holding on to their jobs for longer would be an example (many of those find them starting from scratch now). Or those evil "capital owners", basically any 60+ white collar employee trying to retire now, they're terrified and will be holding on. Sometimes people get what they want; labor market is completely hot, and capital is down the drain. Seeing very little rejoicing though.