You just agreed that a situation which increases inequality (rich person gaining 3x, poor person 2x) helps the poorer person more.
How do you reconcile this with the claim that inequality is the problem?
How do you reconcile this with the claim that inequality is the problem?
If you take a long look at that same graph [3], productivity has climbed, dramatically. Perhaps the depression of wages was caused by almost doubling the workforce, adding women.
Eh, it's probably not that big of a deal. that wsj article pointed out it's really just young men without much education that are taking the hit. I really doubt having millions of young, broke, easily persuaded males will cause much of a problem. Historically, that's always worked out just fine
Less snarkily, economists from Greenspan to Krugman have said this is something that needs to be looked at. It's an indicator of something being not right. It's clear you have an economic model in mind. It's the job of the market to push that pay edge as hard as possible, get as much productivity for as little pay as possible. Have you considered that the market might push so hard that your economic model doesn't apply?
[1] http://blogs.wsj.com/economics/2015/07/06/just-how-stagnant-...
[2] http://www.epi.org/publication/ceo-pay-continues-to-rise/
[3] https://upload.wikimedia.org/wikipedia/commons/4/45/Producti...
Everyone getting richer is not an accurate description of reality.
The more you already have of something the less it's worth to you, that goes for almost everything including money in this case.
It's a real shame, because it is literally impossible to solve a problem you deliberately misunderstand. That's humans for you though.
Don't play dumb. They're going to break down crying when they're told what our planet went through right now. It will be like when today's children are made to really look at photos of Auschwitz, or the Syrian Civil War, or guinea-worm cases in Africa, or child labor in coal mines.
Oh wait, some of those things are still present-day problems.