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that's kind of how it was. there were no earnings from investments when there was no investment; when everybody was working it was workers who took all of the g
by MarkPNeyer 13y ago
that's kind of how it was. there were no earnings from investments when there was no investment; when everybody was working it was workers who took all of the gains because there was nobody else involved.
- eru 13y agoYes, but grand parent said it's all going in the same direction. Ie 18th century was better than 19th century was better than 20th century.
- atmosx 13y ago??? In what way was the 18th century better than the 19th????
- eru 13y agoI agree with you, that the 20th century was better than the 19th and the 19th was better than the 18th. Thus I disagree with PythonicAlpha, who said > In all industry, the trend goes one way: The wages of working people (including white-collar, I hope, that is the right word) have to go down, and the earnings from investments (pure money makes money business) have to climb." I guess my argument by contradiction relied too much on the context higher up in the thread.
- deleted 13y ago[deleted]
- dragonwriter 13y ago> Yes, but grand parent said it's all going in the same direction. The original quote seems to pretty explicitly say its a trend across all industries, not a historic trend across all time.