Every decade, technology makes us dramatically more productive. Every decade, GDP growth slows. These two facts should not coexist — and understanding why they do reveals the defining economic tension of our era.
Edit: Pretty much what it says. It’s more detailed than that but yeah. Labourers get less, more value is attributed to capital (buildings, land) and collected by the rich.
I think I deserve more, but I accept less anyway, due to the ever present threat of unrecoverable retribution against myself and my family if I negotiate too hard
I’m glad to hear that you don’t have a family, a pet, or other unit that you need to support other than yourself, and do not have an illness that requires medical insurance in a country that requires it for care, that a capitalist can exploit you for.
The rest of us, we are not so lucky to be as chronically unattached and healthy as you.
I’m actually quite successful, but it was pure luck. My professional rivals keep disappearing under mysterious circumstances. (This is obvious satire.)
Let me guess:
It’s because all the money goes to billionaires.
Edit: Pretty much what it says. It’s more detailed than that but yeah. Labourers get less, more value is attributed to capital (buildings, land) and collected by the rich.
amazing good maths
next they’ll be writing articles about “if i vote for jill stein becaue palestine. why do fascists stay in power” level maths
Yep without even reading the article I was going to guess wage theft and billionaires.
Wage theft is not merely being underpaid relative to the work you do. It’s actually not paying someone who worked
It’s both and more.
Wage theft as only “not paid what was owed according to current law” is already the biggest form of theft and the least prosecuted.
Please don’t help perpetuate capitalist exploitation by blurring it with the “value theft” inherent to capitalism
“I think I deserve more, but I accept less anyway”
Maybe you don’t deserve more
Everyone has excuses for why they are not successful…
I’m glad to hear that you don’t have a family, a pet, or other unit that you need to support other than yourself, and do not have an illness that requires medical insurance in a country that requires it for care, that a capitalist can exploit you for.
The rest of us, we are not so lucky to be as chronically unattached and healthy as you.
I’m actually quite successful, but it was pure luck. My professional rivals keep disappearing under mysterious circumstances. (This is obvious satire.)