|
|
|
|
|
|
by skybrian
3810 days ago
|
|
|
That's not necessarily so. If you invest in real estate (and many do), wealth and income can grow even without any physical improvements, just due to supply and demand. National income will grow (since it includes rent) but it doesn't create any new jobs. Here's an analysis showing that capital is earning more than labor mostly due to housing prices: http://www.brookings.edu/about/projects/bpea/papers/2015/lan... |
|
|