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monotremata@lemmy.ca ⁨1⁩ ⁨day⁩ ago

The US population in 1980 was around 226 million, and in 2020 it was around 330 million. That’s an increase of about 50%. By comparison, the GDP in 1980 was about $2.75 trillion; in 2020 it was over $20 trillion, an increase of more than 600%.

The problem isn’t that we’re spreading out the same amount of money over too many people. It’s that we’re making much, much more money, but concentrating it in the hands of a tiny number of people and letting everyone else scramble for scraps.

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