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This view seems to come from the mindset that the output of the economy is static and that there is a fixed amount of wealth.
by mason240 12y ago
This view seems to come from the mindset that the output of the economy is static and that there is a fixed amount of wealth.
- ufo 12y agoThe issue here is that wealth inequality is so massive that it ends up being a net negative even if the economy as a whole is growing. What we are seeing nowadays is stagnant income for the middle class and skyrocketing wealth (and power) for the fortunate 0.1%
- icebraining 12y agoAnd massive increases in the income of billions of workers worldwide - just not in a few developed countries.
- tormeh 12y agoI explicitly discussed the problem with a variable total economic output. Explicitly. RTFC.