News for hackers. Stuff that matters.

A comment on The rich world needs higher real wage growth. Parent comment

Re:The rich world needs higher real wage growth by harryh on Sunday July 01, 2018 @12:51PM (#17436330)
GDP was still increasing in the late 90s in the US. The recession didn't start until March 2001.
[ Parent | on HN ]
Re:The rich world needs higher real wage growth by ethbro on Sunday July 01, 2018 @01:00PM (#17436374)
The interesting corollary would be that in the run-up to a recession, all other assets and opportunities are so over-valued that capital has nowhere else to go.

And that increasing wages for labor is in fact capital's least-preferred option.

Which would be sad, but more or less jive with how the modern global, publicly traded economy works.

[ Parent | on HN ]
Re:The rich world needs higher real wage growth by eli_gottlieb on Sunday July 01, 2018 @05:30PM (#17437720)
Well, that sounds pretty accurate: today's economies are so thoroughly dominated by the interests of monopoly capital that it takes a long-running bubble/overheat to actually raise wages.
[ Parent | on HN ]
Re:The rich world needs higher real wage growth by harryh on Sunday July 01, 2018 @05:34PM (#17437747)
today's economies are so thoroughly dominated by the interests of monopoly capital

How do you measure this?

[ Parent | on HN ]