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by icotyl 2423 days ago
> "Now the problem is "Productivity" is stagnating since the 80's"

This is the exact opposite of what your chart shows. Productivity, in the economic sense, is growing since the 1980s. It's wages that have stagnated. The wealth generated by increased productivity is all flowing to top.

Dalio recognizes this: "Increased productivity will also substantially increase the wealth gap." He knows this trend is not sustainable.

1 comments

It is the same damn thing. Wages is proxy for WORKER productivity.

Go and ask Dalio why wages/worker productivity has stagnated while sector(factory/org) productivity has increased.

Listening to him is like listening to some member of British Royalty while Empire winds down having no clue why the colonies want independence. They too will say the British Empire's increased productivity will increase of the wealth gap. That's just another way of saying nobody wants to work to prop up the British Empire. People have found better things to do in life.

The only thing under threat is their model of reality. And there is no point paying attention to them about what comes next, because they can only see the empire based on obedience and domination as the best model.