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The economy is doing fine for people whose income comes mostly from return on capital. It is not good for people whose income comes mostly from working.
by crmd 3y ago
The economy is doing fine for people whose income comes mostly from return on capital. It is not good for people whose income comes mostly from working.
- patientzero 3y agoIt seems to me like the problem is housing, an artificial scarcity. If there are full time workers who are homeless then any amount of wage rise is immediately consumed to out compete for a place to live and if that still puts one near that line, one has to cut health care and food expenses to keep out bidding.
- elzbardico 3y agoIt is feudalism again. Being a rentier is the best thing nowadays.