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by jlebar
15 days ago
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> 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. |
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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).