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A comment on Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses. Parent comment

Re:Min wage would be $44 / hour if it had grown at same rate... by gher-shyu3i on Sunday April 11, 2021 @05:33AM (#26768898)
While what you point out is definitely true, a very important cause of the wealth gap in todays world that barely anyone talks about is the accepted engagement in lending money with interest (i.e. usury). It's heavily built in to the society today. It's not for no reason that this practices (along with derivative practices) is prohibited in the major 3 religions.
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Re:Min wage would be $44 / hour if it had grown at same rate... by imtringued on Sunday April 11, 2021 @07:04AM (#26769404)
A lot of companies (and the jobs those companies created) were built on top of that usury and the workers who lent out their money were even compensated for that!
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Re:Min wage would be $44 / hour if it had grown at same rate... by gher-shyu3i on Sunday April 11, 2021 @09:00AM (#26770044)
That doesn't justify the immorality of engaging in usury, it's like saying whaling is banned, but there are people who need to feed their families - we already know that.

A superior and not immoral model is investing in said companies, so if they succeed both the investors and company owners profit, otherwise they both lose. It's proper risk sharing.

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