3 ms·
That’s a great chart. I’ve always assumed that the major drive behind the diverging percentile lines was capital capturing most of our productivity gains. But 6
by function_seven 4y ago
That’s a great chart. I’ve always assumed that the major drive behind the diverging percentile lines was capital capturing most of our productivity gains. But 64% to 59% is really not all that large.
CEO vs burger flipper seems to be the lion’s share of the difference.
- eru 4y agoAnd the 64% to 59% isn't even capital getting more. It's all land. See https://www.forbes.com/sites/chuckdevore/2015/07/22/piketty-vs-rognlie-land-use-restrictions-inflate-housing-values-drive-wealth-concentration/?sh=689dbd7e4698 https://www.forbes.com/sites/chuckdevore/2015/07/22/piketty-... To avoid paywalls: https://archive.is/5FpzQ https://archive.is/5FpzQ https://archive.is/d5sMM https://archive.is/d5sMM https://archive.is/wip/tXlT9 https://archive.is/wip/tXlT9