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Wages are so low? Wages are up.

There isn’t any demand, it’s all spent on necessities. So demand for necessities.

Majority of economic output is collect rents. Huh?




Wages are up.

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.

https://wtfhappenedin1971.com/


Nope. Before Covid real wage gains weee being made in the US.

https://www.census.gov/library/publications/2020/demo/p60-27...

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%)




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