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shmel | 1 month ago
We have, yes. If you notice things to be too expensive it's a result of class warfare. Have you noticed how many people got _obscenely rich_ in the last 25 years? Yes, that's where money saved by technology went to.
shmel | 1 month ago
We have, yes. If you notice things to be too expensive it's a result of class warfare. Have you noticed how many people got _obscenely rich_ in the last 25 years? Yes, that's where money saved by technology went to.
FloorEgg|1 month ago
It may result in class warfare but I am skeptical that's the root cause.
My guess is it has more to do with the education system, monetary policy and fiscal policy.
torginus|1 month ago
This class thing is especially identifiable in Europe, where assets such as real estate generally are not cheaper than in the US (with the exception of a few super expensive places), yet salaries are much lower.
Taxes tend to be super high on wages but not on assets. One can very easily find themselves in a situation where even owning a modest amount of wealth, their asset appreciation outdoes what they can get as labor income.