Oh, it’s quite simple. I will lay it out for you and also no run from a discussion.
Productivity per worker goes up.
Profits go up.
Number of dollars go up.
Revenue goes up.
Assets go up.
Wages are stagnant.
It’s not JUST a fiat problem. If it was, wages would be going up proportionately to the productivity, revenue, and dollar increases. This is not me asking…it’s more like a math problem unless you can explain wages not going up for me.
So even if you have a scarce asset/commodity that does not automatically increase wages. Again, this is not left field idea…it’s basic math.
But good question and thank you for asking, conversations work better that way.
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Personally I think the more basic math would be understanding that your purchasing power is based on an ever inflating denominator, and that causes the problems you are pinning on corporate greed.