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Why does wage inequality matter? Inequality isn't strongly driven by wages, but is by capital income. Personally, the way I see it, the more money goes to wage
by impossiblefork 4y ago
Why does wage inequality matter? Inequality isn't strongly driven by wages, but is by capital income.
Personally, the way I see it, the more money goes to wages, the better, and if that's because some guy is earning millions a year, I still think it's good.
Income from people starting new companies, that's fine too. What's bad is rent extraction, ossification, monopolies and private institutions that have power over people.