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For the past half century, inflation adjusted wages have remained basically flat while productivity has more than doubled. The 1% heirs have captured almost al
by ThisIsNowhere 3y ago
For the past half century, inflation adjusted wages have remained basically flat while productivity has more than doubled. The 1% heirs have captured almost all of that growth. So that is the source of this funding - the heirs expropriate the profit of surplus labor time to finance the government which oversees that expropriation.
- marcusverus 3y ago> For the past half century, inflation adjusted wages have remained basically flat while productivity has more than doubled. So how is it that real median household income is up almost 50% in the same timeframe?[0] [0] https://fred.stlouisfed.org/series/MEHOINUSA672N https://fred.stlouisfed.org/series/MEHOINUSA672N
- lotsofpulp 3y agoWould this be women obtaining higher paying positions?