Re:Growing income inequality is driving public mistrust
by bix6 on Tuesday January 16, 2024 @09:00PM
(#39022190)
I’m disgusted that there are 5-10,000 luxury yachts in the world while infants are dying of malnutrition and people have to worry about feeding their kids while attempting to save for retirement on salaries that have hardly moved for anyone except a few fortunate elites since the 80s.
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Re:Growing income inequality is driving public mistrust
by nwiswell on Tuesday January 16, 2024 @09:16PM
(#39022345)
> on salaries that have hardly moved for anyone except a few fortunate elites since the 80s.
I assume you're talking about salaries in the USA, and this is largely because global salaries have risen to take more of their fair share of the pie. At the same time, this has put a lot of pressure on US labor.
The postwar period from 1945 to around 1980 in the USA was historically aberrant. In 1970, the USA's share of global GDP was 38%. In 2023 it was around 15.5%.
Globally, living standards have skyrocketed since the 80s.
https://ourworldindata.org/a-history-of-global-living-condit...