Wages or income? Two different things. Steve Jobs had a $1 salary, many notable others did, too [1].
Wage inequality may be starting to reverse
11–20 of 88 posts
Re: Wage inequality may be starting to reverse
#12> Remote work, deglobalization, stalled technology have started eroding some advantages of higher-skilled workers
Their premise is broken. The largest inequality is not between highly skilled workers and everyone else. It is between the wealthy (top 0.1% or 0.01%) and the rest.
Re: Wage inequality may be starting to reverse
#13[flagged]
Re: Wage inequality may be starting to reverse
#14I’m incredibly happy to see wages at the bottom rising, but I think there’s a serious lack of discussion around obscenely high executive pay.
No issue with the pay. But the US sucks at taxing rich people.
Re: Wage inequality may be starting to reverse
#15Re: Wage inequality may be starting to reverse
#16> Remote work, deglobalization, stalled technology have started eroding some advantages of higher-skilled workers Their premise is broken. The largest inequality is not between highly skilled workers and everyone else. It is between the wealthy (top 0.1% or 0.01%) and the rest.
Not a broken premise at all. The focus on the ultra rich is mostly just a political ploy since it's easy to villainize extravagant wealth. But the vast majority of income (I'm including capital gains in this) is made by the middle class and wage-earning upper class, not by the ultra rich. If you take all the wealth of the ultra rich and distribute it evenly, every person would get a one-time, nice, but not life-changing check (somewhere between $70k and $150k). And then next year everyone is mostly back where they were before except you can't raid the ultra rich again since you just wiped them out.
Re: Wage inequality may be starting to reverse
#17The premise of this article is absolutely disgusting. The inequality that matters isn't the difference between blue collar workers and college grads with marketing and tech jobs. This is just propaganda to destroy the middle class.
Re: Wage inequality may be starting to reverse
#18[flagged]
I'm not a fan of communism, but that ideology produced two of the major world powers. Entire generations of illiterate peasants were educated, entire economies were completely reconstructed in a way that is pretty much unprecedented. There was immense repression, the human cost of Stalinism for example is uncountable. But capitalism has caused immense suffering as well.
It's better to simply speak plainly of the effects systems have had rather than trying to moralize away the good in order to emphasize the bad, in my opinion. Dogma makes for bad reasoning.
Re: Wage inequality may be starting to reverse
#19> Remote work, deglobalization, stalled technology have started eroding some advantages of higher-skilled workers Their premise is broken. The largest inequality is not between highly skilled workers and everyone else. It is between the wealthy (top 0.1% or 0.01%) and the rest.
Not a broken premise at all. The focus on the ultra rich is mostly just a political ploy since it's easy to villainize extravagant wealth. But the vast majority of income (I'm including capital gains in this) is made by the middle class and wage-earning upper class, not by the ultra rich. If you take all the wealth of the ultra rich and distribute it evenly, every person would get a one-time, nice, but not life-chang…
I wonder if there was someone in King Louie's court that had a similar statement.
Re: Wage inequality may be starting to reverse
#20> Remote work, deglobalization, stalled technology have started eroding some advantages of higher-skilled workers Their premise is broken. The largest inequality is not between highly skilled workers and everyone else. It is between the wealthy (top 0.1% or 0.01%) and the rest.
Not a broken premise at all. The focus on the ultra rich is mostly just a political ploy since it's easy to villainize extravagant wealth. But the vast majority of income (I'm including capital gains in this) is made by the middle class and wage-earning upper class, not by the ultra rich. If you take all the wealth of the ultra rich and distribute it evenly, every person would get a one-time, nice, but not life-chang…
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