Re:If wages are to rise, workers need more bargaining power
by enraged_camel on Wednesday June 06, 2018 @11:04AM
(#17247700)
>>The absolute improvement is great. The accelerated concentration of Wealth is not.
Yes, exactly. The reason actually is very simple: wealth inequality results in inequality in political (not to mention legal) representation, as the wealthy always carry more influence in society and use that influence to stack the odds in their own favor.
Re:If wages are to rise, workers need more bargaining power
by travmatt on Wednesday June 06, 2018 @02:11PM
(#17249528)
I definitely agree that it’s a red herring - the majority of people are going to judge their position relative to the world around them, not to some time 30-40 years ago.
It’s pretty much the same line parents use on their children - I don’t think it works for them, much less adults.
The absolute improvement is great.
The accelerated concentration of Wealth is not.
The term economists have now settled on and are considering is the very mundane “lack of social mobility”
It’s a problem.