Monopoly was invented to demonstrate the evils of capitalism (2017)

Re:Monopoly was invented to demonstrate the evils of capital... by monocasa on Wednesday February 26, 2020 @05:26PM (#22428091)

What stats are you looking at?

Real wages have been stagnant for the vast majority of workers in the US.

And the "pulled people out of poverty" thing is such a BS stat. Converting subsistence farmers into sweat shop workers so that they they have $1.50/day instead of $0/day isn't a real metric of pulling people out of poverty. It's more a metric of how tied into the global system they are.

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Re:Monopoly was invented to demonstrate the evils of capital... by aeternum on Wednesday February 26, 2020 @05:56PM (#22428366)

According to this real wages have been rising for the last 30 years: https://www.factcheck.org/2019/06/are-wages-rising-or-flat/

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Re:Monopoly was invented to demonstrate the evils of capital... by monocasa on Wednesday February 26, 2020 @06:01PM (#22428414)

Average has, median has not.

https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...

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Re:Monopoly was invented to demonstrate the evils of capital... by aeternum on Wednesday February 26, 2020 @08:26PM (#22429462)

The FRED seems to disagree: https://fred.stlouisfed.org/series/MEPAINUSA672N

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Re:Monopoly was invented to demonstrate the evils of capital... by refurb on Wednesday February 26, 2020 @06:05PM (#22428444)

Your ignoring total compensation as wages are only one part of it.

Total compensation at all income levels has vastly outstripped inflation over the past 50 years.

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Re:Monopoly was invented to demonstrate the evils of capital... by monocasa on Wednesday February 26, 2020 @06:48PM (#22428806)

[citation needed]

Median is $60k household. People making $30k each aren't having side perks thrown at them.

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Re:Monopoly was invented to demonstrate the evils of capital... by refurb on Wednesday February 26, 2020 @07:32PM (#22429115)

https://www.nytimes.com/2018/09/25/us/politics/wage-growth-b...

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Re:Monopoly was invented to demonstrate the evils of capital... by monocasa on Wednesday February 26, 2020 @07:39PM (#22429176)

That's average, not median.

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Re:Monopoly was invented to demonstrate the evils of capital... by partiallypro on Wednesday February 26, 2020 @10:38PM (#22430199)

$1.50/day has much more purchasing power in poorer countries. Any time someone makes such a statement, I can immediately tell they are ignorant on basic economics. The US also used to have low wages for entry level workers, as did every (no developed) country. That's how progress is made. You can't expect a poor farmer with minimal skills to start making $25 an hour. And what stats am I looking at? What stats are YOU looking at? Even if you believe the notion that real wages are flat (not true,) living standards have still risen drastically thanks to technology. Do you think technology gains just come out of thin air? No, they are driven by competition and the need to profit.

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