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> All expenses have grown faster than wages, or wages have not kept up with inflation Your expense is someone else's wage + a capitalist's profit margin. Expe
by vkou 4y ago
> All expenses have grown faster than wages, or wages have not kept up with inflation
Your expense is someone else's wage + a capitalist's profit margin.
Expenses across the entire economy can only outgrow wages if someone's taking a bigger slice of profit off the top.
When we talk about inflation, we always conflate the two, as if they are the same thing. They are not.
- brewdad 4y ago> Expenses across the entire economy can only outgrow wages if someone's taking a bigger slice of profit off the top. Have you paid attention to the Delta between executive pay and that of general labor over the past 4 decades? This is exactly what has been happening.