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> poorest are still getting richer in real terms Perhaps. So what? Their wealth/incomes were increasing much slower than worker productivity. Technological pro
by pqtyw 2y ago
> poorest are still getting richer in real terms
Perhaps. So what? Their wealth/incomes were increasing much slower than worker productivity. Technological progress compensates for the massively increasing inequality to some extent.
Also other figures show that median and bottom 10th percentile incomes were almost completely stagnant between 1967 and 2014.
https://www.census.gov/library/visualizations/2015/demo/real-household-income-at-selected-percentiles--1967-to-2014.html https://www.census.gov/library/visualizations/2015/demo/real...
Of course real median income increased massively (compared to previous decades) in the last 10 years but it's not clear yet how sustainable is that