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> Assets grow faster than wages. This is the central theme of Piketty's "Capital" book, for anybody interested in exploring this further. This is also a good s
by blackbear_ 4y ago
> Assets grow faster than wages.
This is the central theme of Piketty's "Capital" book, for anybody interested in exploring this further. This is also a good start: https://hbr.org/2014/04/pikettys-capital-in-a-lot-less-than-696-pages https://hbr.org/2014/04/pikettys-capital-in-a-lot-less-than-...
- guerrilla 4y agoNot quite, but close. Piketty's thesis is that the rate of return on investment is higher than the growth rate and that this drives inequality. Asset prices growing faster than wages is a partial explanation for that.