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Isn't it a natural consequence of capital growing faster than wage?
by it_citizen 4y ago
Isn't it a natural consequence of capital growing faster than wage?
- JumpCrisscross 4y ago> a natural consequence of capital growing faster than wage? No. It’s the result of our real estate and housing system. (Stocks and Bitcoin can go up faster than wages without spiking CoL.)
- KennyBlanken 4y agoIt's a result of skyrocketing corporate profit margins and plunging corporate tax share leading to a massive consolidation of wealth among a very, very small number of people.
- morninglight 4y agoDon't discount the change in population. The US population has doubled during this period. Everyone has an opinion on how that change would have affected the economy, but it would be foolish to assume that it did nothing.