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No, it isn't. Rent seeking is a zero sum game, but the productivity gains over the last 40 years have increased the size of the pie.
by ohazi 13y ago
No, it isn't. Rent seeking is a zero sum game, but the productivity gains over the last 40 years have increased the size of the pie.
- fewy 13y agoThe pie we are looking at is in percent, the article stated that the top 1% took a bigger share of it than before. This means they took a bigger share of your productivity gains. But why argue about such things, it would be easier if you can show me a mathematical example where the top 1% take a bigger percentage of the pie yet the median increases. Let me know if you like the results you come up with.