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A comment on Hypercapitalism and the AI Talent Wars. Parent comment
Jan 2010: 174b
Jan 2020: 1400b (23% growth per year)
Today: 3200b (18% growth per year)
The S&P as a whole grew about 12% a year from 2010 to 2020, and 12.5% a year from 2020 to today
Meanwhile the median wage from 2010-2019 grew 3% a year, from 2019-2023 7% a year
Seems whatever happened in 2020 was good for workers, in that they aren't falling behind owners as much as they were.
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Jan 2010: 174b
Jan 2020: 1400b (23% growth per year)
Today: 3200b (18% growth per year)
The S&P as a whole grew about 12% a year from 2010 to 2020, and 12.5% a year from 2020 to today
Meanwhile the median wage from 2010-2019 grew 3% a year, from 2019-2023 7% a year
Seems whatever happened in 2020 was good for workers, in that they aren't falling behind owners as much as they were.