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Who cares if the economy is growing if the only people benefitting from it are the ones most insulated from economic shocks? None of these measures are relevan
by AndrewKemendo 3y ago
Who cares if the economy is growing if the only people benefitting from it are the ones most insulated from economic shocks?
None of these measures are relevant to 99% of people because labor share of productivity continues decreasing
Until labor share of growth is rebalanced [1] nothing will change for most people and the vast majority will continue to have no power to escape this feast-famine cycle.
[1] https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/