UK hasn’t seen that same productivity increase but has seen the increasing inequality.
We know it’s bullshit so we stopped trying to work hard.
Comment on Another WSJ banger about why the poors aren't doing more
merdaverse@lemmy.zip 5 months agoAverage real income (adjusted for inflation) has been pretty steady in the last 50 years for the bottom 50% bracket. The higher up you go in the income bracket the higher the growth becomes. The real income of the top 0.01% has grown by 670% in that same time. So you can see where all that extra wealth generated from 2x productivity boost has gone. Trickle up economics.
Korhaka@sopuli.xyz 5 months ago
Doc_Crankenstein@slrpnk.net 5 months ago
“trickle up economics”
Aka … Capitalism