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"The labor share of income in 35 advanced economies fell from around 54 percent in 1980 to 50.5 percent in 2014." - Ownership is overtaking working. and within
by RyanHamilton 4y ago
"The labor share of income in 35 advanced economies fell from around 54 percent in 1980 to 50.5 percent in 2014." - Ownership is overtaking working.
and within that, income to the top 0.1% is rising faster than the bottom half.
The rich are getting richer, faster and faster.
See also Pikketys capital in the 21st Century. (https://www.hup.harvard.edu/catalog.php?isbn=9780674430006 https://www.hup.harvard.edu/catalog.php?isbn=9780674430006)
The original cartoon emphasised the fat cat factory own "hoarding a huge pile of cash". As I referenced: "the bottom 80% owning 7%" in the US.