4 ms·
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.
by ThalesX 4y 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 4y agoNo, what I mean is that capital owners can do badly while workers increase their income.
- trgn 4y agoI 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.