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CaptainFever10/12/20241 replyview on HN

Note that the famous EPI graph in your first source appears to be controversial with mainstream economists: https://www.reddit.com/r/AskEconomics/comments/12kk79k/what_...

(However, there seems to be other sources that say the same thing, despite criticism of EPI's graph. So I'm not sure. It seems to be consensus that it has been stagnating or not keeping up with productivity for low skilled workers, though? But I can't find much about wage or compensation compared to productivity for high skilled workers [e.g. programmers, AI engineers]).

Furthermore, your comment focused on wages, where your parent comment specifically claimed that wages were less important than "how much work it takes to buy something similar, like steak, compared to the past". It misses the point.

Finally, I admit I haven't seen the latter two sources, but in my layman's opinion, inequality isn't necessarily bad if all needs are met.


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musicale10/13/2024

> where your parent comment specifically claimed that wages were less important than "how much work it takes to buy something similar, like steak, compared to the past". It misses the point

The story is better on the consumer goods side (vs. housing, health care, higher education...) Consumers would probably be in much worse shape without cheap goods from the likes of Walmart, Ikea, Amazon, etc.

> inequality isn't necessarily bad if all needs are met.

The interesting progress of automation is that it's moving up in terms of job salary, while a smaller number of new jobs is created at the top and at the bottom.