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by eloff
2940 days ago
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It was resolved in part thanks to World War II which was a massive all-in undertaking for the US (which it never really backed down from, they've maintained a massive standing force ever since then.) That was a huge redirection of capital that created many jobs while simultaneously removing millions from the work force. That is basically a perfect storm for raising wages across the board, and thus decreasing inequality. Historically wars and unrest seem to be critical for redistribution of wealth once inequality increased to unsustainable levels. I wonder what will happen now in this era of unprecedented peace. |
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