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A comment on Share of Income Gains by Quintile - Great Depression til Now. Parent comment

Re:Share of Income Gains by Quintile - Great Depression til Now by btilly on Friday September 09, 2011 @05:06PM (#2979858)
Go back further. 70% itself was a major slash by JFK (a very rich person from a very rich family) from the previous 90%+ in the 50s.

Before that, there was no point in being paid more. The only thing that made sense was to take pleasure in the organization that you ran.

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Re:Share of Income Gains by Quintile - Great Depression til Now by watmough on Friday September 09, 2011 @07:33PM (#2980246)
Plus there was always investing in other companies, spreading capital, creating new sources of wealth.

Wrong period, but wasn't Jay Miner financed by some dentists when designing the Amiga, initially? This is the sort of thing I am thinking of.

Then there was a period in people largely borrowed against their house/assets to start a company. That is now closed to many.

On the flip-side (looking through pg's eyes), the cost of starting many classes of companies has now essentially dropped to just the time required, as much of the infrastructure, process, software required is free or can be generated or outsourced cheaply.

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