Of course it can. People are just lazy and prefer repeating easy solutions that worked in the past rather than trying something that has real value but has inherent risks.
Sure, so uh, there are many known ways to change this.
What's the hold-up?
You're describing what's been the case for quite some time, it doesn't explain why nothing's been done about it when just about anyone with a brain can see where it's headed.
People born between the 40s-80s saw the largest economic expansion in history resulting from a massive expansion of labor power and social spending and decided it was because they worked so hard.
The hold up is the mass manufacturing of consent by the media oligopoly.
I don't think anyone knows where it's heading. My bet is neo-feudalism
Please familiarize yourself with reality. Wages haven't been up in my lifetime. Capital has been beating labor for five decades, and now that there's a slight chance that labor might claw back a small portion of its massive losses, all the temporarily embarrassed billionaires are eager to cry about it.
The 2019 real median incomes of White, Black, Asian, and Hispanic households all increased from their 2018 medians [between 5.7% (Blacks) and 10.6% (Asians)]
Percentage change in share of aggregate income was highest for the lowest income quintile (+1.8%). High income quintile saw decrease in share of aggregate income (-0.6%)
