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by komali2 20 days ago
> The economic surplus from that increase in productivity accrued to everyone in society, not just the wealthy.

Sure, a poor man with two dollars is richer than a poor man with one dollar.

And yet the man handing out the dollars had 100$ in surplus when he was handing out 1s and now that he's handing out 2's he's got 1,000,000,000.

Look at the wealth disparity. Even if quality of life has increased, it's not wrong for the people delivering that increased quality of life (workers) to also demand a requisite slice of the pie.

In fact, I see no reason why the pie should be shared with wealthy non workers at all. Were they necessary for the increased quality of life?

On top of that, it's a global economy. Expand beyond the USA and include in your analysis how life has changed in imperialized nations that now function as cheap labor sources for our factories that pollute the local environment while exploiting workers for absurdly low wages and bad working conditions.

2 comments

> Expand beyond the USA and include in your analysis how life has changed in imperialized nations that now function as cheap labor sources for our factories that pollute the local environment while exploiting workers for absurdly low wages and bad working conditions.

Agreed, let's do that! Here is the economic history of the developing world over the past 70 years.

https://ourworldindata.org/history-of-poverty-has-just-begun

Pick any metric you care about: number of people living on less than $1/day, literacy, maternal mortality, access to birth control. It has dramatically improved in the developing world over the past 70 years or so.

Capitalists invented metrics to show how awesome capitalism for the world, and then said "see, against these metrics, the world is better!"

https://www.sciencedirect.com/science/article/pii/S0305750X2...

Putting the poverty line at 1$ a day, or saying people crossed from 2$/day to $3/day is "poverty decreasing," lets people get these self-serving numbers. Poverty declined, relative to what threshold? Do these people have secure housing, medical care, education, political power, in line with their contributions to the global market they've been shoved into?

People being moved from centuries old homes distributed across agrarian geographies into slums, that's improvement?

https://data.unhabitat.org/pages/housing-slums-and-informal-...

People living side by side to polluting factories that poison their water, that's improvement?

These people are foisted into a global supply chain, their economies changed into e.g. unsustainable cash crop or similar fragile-to-price-shock products, and themselves thrust into market dependence without any labor security since outside entities show up, exploit while it's profitable, then disappear without leaving any meaningful industrialization to the overall nation. Not to mention there's still a lot of people being straight up enslaved.

> Look at the wealth disparity. Even if quality of life has increased, it's not wrong for the people delivering that increased quality of life (workers) to also demand a requisite slice of the pie.

Sure, but the argument being made is that "productivity gains accrue to the benefit of solely those at the top of an enormous pile of wealth."

That is simply not true. Across the entire world, from rich countries to poor countries, economic development, driven in large part by technological development, has resulted in a dramatic improvement to everyone's quality of life.

https://ourworldindata.org/history-of-poverty-has-just-begun

The way some people talk about it, it's as though they wish they were middle class in the 1920s instead of in the 2020s. People are so. much. richer. today. In ways that really matter, like education, retirement, ability to travel the world. MEDICINE.

I get that it still sucks today. The only point I'm making is that it's false that the historical economic surplus has accrued "solely" (or even, mostly) to the wealthiest. It's not true.

Both can be true. Standards can both have improved since the 1920s and income inequality can be equivalent or worse than the gilded age. This would be coherent with improvements mostly being funneled to the top, while some benefits accrue throughout the economy.

However the story is much more dynamic and interesting than that, with income inequality shrinking until the late 70s and early 80s, then expanding drastically until now, half a century later. That period of lower income inequality is mostly why things got better for the working class (but science and technology have marched on regardless).

> I get that it still sucks today. The only point I'm making is that it's false that the historical economic surplus has accrued "solely" (or even, mostly) to the wealthiest. It's not true.

It is, though, if we talk scale. The rich went from having big houses in the 1920s to being sent into space, or building private libertarian colonies, or buying elections, or potentially increasing their lifespan a few decades, in the 2020s. The working class went from working 40hrs a week until age 64 when they retire in a house they own, to working 60hrs a week until they die, but hey, that death might be at an older age!

The improvement disparity between the two makes the improvement for the working class insignificant enough to be dismissible. I don't buy into the idea that the working class should be grateful that the scraps now have better seasoning.

I mean really, just look at the wealth gap. Imagine how much better the lives of everyone could be if that wealth was distributed better! Fuck a 20 hr workweek, what about 5?