Re:U.S. personal income posts first drop in over three years
by hn_throwaway_99 on Friday March 01, 2019 @10:52AM
(#19281728)
Wealth may not be a complete 0-sum game, but for at least a couple decades virtually all the economic gains in the US have gone to the top 10%. So when people are cheering that wealth is (finally) starting to flow from the investor-class to the wage-earning class, it feels disingenuous to me, or at least willfully naive, to blithely argue "why are you rooting for someone else's income to go down?"
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Re:U.S. personal income posts first drop in over three years
by r_smart on Friday March 01, 2019 @11:38AM
(#19282407)
Just because one went up when the other went doesn't mean that there's a causal relationship.
If we assume it is causal and the trend continues, you can expect belts to start tightening. I don't know if you've ever worked at a company that wasn't turning a profit (and isn't living on the borrowed time of VC money), but I have, and it sucks. Hiring freezes, wage freezes, wage reductions, staffing reductions. All kinds of fun.