Comment by andrepd
6 hours ago
> Ultimately, it doesn’t matter how fat the fat cats are so long as the general population’s standard of living doesn't go backwards too far too fast.
Worker's compensation in real terms has been almost flat for the last 50 years, 50 years which have seen the largest increase in productivity in recorded history by far. I'm surprised this is still not enough to you.
And that's using the fake, government approved definition of "real wages" where they pretend the existence of smartphones cancels out a 200% increase in rent, which it doesn't. Real real wages have declined.