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191 points impish9208 | 1 comments | | HN request time: 0.249s | source
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vvpan ◴[] No.45104552[source]
I have not read the whole of "Capital in 21st Century", just the opening chapter. But the picture the chapter painted was quiet grim - income inequality growing rapidly every year as "innovation" and jobs declined. In other words Piketty's numbers have shown that one cannot work their way to a comfortable living years ago and IMO this is at the heart of almost all political processes these days - inability to earn a living wage. The "leaders" use a whole range of tactics to divert the discontent onto other things like big government or immigration, and those are important topics, but they are not _the_ problem. Wage stagnation is the ultimate issue.
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WalterBright ◴[] No.45104819[source]
> big government

Is indeed an issue, as it corresponds with the malaise you describe.

> wage stagnation

is in part due to the government increasing the costs of hiring people. That indirectly results in correspondingly lower wages. The so-called "employers' contribution" is a misrepresentation.

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malcolmgreaves ◴[] No.45104973[source]
You think the greed of billionaires is the governments’ fault?
replies(1): >>45105875 #
1. WalterBright ◴[] No.45105875[source]
Everybody's greedy, Malcolm. It's why markets function.