alt Hacker NewsThere have been times historically where that was true but all productivity gains have been captured by the .1% for the past few decades.
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eru • last Monday at 7:22 AM
What's your evidence for that?
There have been times historically where that was true but all productivity gains have been captured by the .1% for the past few decades.
What's your evidence for that?
And someone don't need to look further than this quite interesting report by the Rand Corp: https://www.rand.org/pubs/working_papers/WRA516-1.html
We document the cumulative effect of four decades of income growth below the growth of per capita gross national income and estimate that aggregate income for the population below the 90th percentile over this time period would have been $2.5 trillion (67 percent) higher in 2018 had income growth since 1975 remained as equitable as it was in the first two post-War decades. From 1975 to 2018, the difference between the aggregate taxable income for those below the 90th percentile and the equitable growth counterfactual totals $47 trillion.