General Discussion

pat_k

(12,253 posts)

10. World Economic Forum, Capital in the 21st Century,

Sun Nov 2, 2025, 07:32 PM

22 hrs ago

Productivity Pay Gap (the chart I included is the same graphic but starting with 1979 as the index,
https://www.epi.org/productivity-pay-gap/

Re: Capital in the 21st Century (2014) (all graphics are available online)
http://piketty.pse.ens.fr/en/capital21c2

The Piketty equation is most famously known as (r>g), the "fundamental formula of inequality," which states that the rate of return on capital ((r)) is greater than the rate of economic growth ((g)). This inequality implies that wealth held by capital owners will accumulate faster than the overall economy grows, leading to increasing wealth concentration and inequality over time.

Capital and Idealogy (2019)
The global inheritance notion is discussed in this book.

I haven't read his other books yet. You remind me that they've been on my list too long.

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Mr.Bee erronis Attilatheblond k55f5r FakeNoose IbogaProject love_katz

45 replies

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Highlight:

Of Course Americans are BROKE [View all] Mr.Bee 23 hrs ago OP

Thank you for the data. yellow dahlia 22 hrs ago #1

Hiding In Plain Sight Mr.Bee 22 hrs ago #2

My MAGA relatives would say, Diamond_Dog 22 hrs ago #3

I would tell them Mr.Bee 22 hrs ago #6

Well, you can imagine how they feel about FDR. Diamond_Dog 21 hrs ago #11

Did any of them ever stop to think Diamond_Dog 21 hrs ago #22

I certainly heard that line many times over the years in markodochartaigh 21 hrs ago #17

Median wage has been stagnant relative to productivity for 45 years. pat_k 22 hrs ago #4

Please supply reference links. Not disputing your excerpts, but backup documentation is needed. erronis 22 hrs ago #7

Oh! I beg pardon- Mr.Bee 22 hrs ago #9

World Economic Forum, Capital in the 21st Century, pat_k 22 hrs ago #10

Thank you! erronis 21 hrs ago #15

They've been stealing from us for decades Mr.Bee 21 hrs ago #12

FWIW pat_k 21 hrs ago #14

Regarding weakening of unions and tax law that facilitated concentration of wealth: pat_k 21 hrs ago #13

Republicans always talk about "redistribution of wealth". markodochartaigh 21 hrs ago #19

Yes, R's have been hellbent on systematically "redistributing wealth" from the hands of the many to the hands of the few pat_k 21 hrs ago #23

Why don't the labor unions understand these charts and data? FakeNoose 6 hrs ago #40

Sadly, a great deal of damage had been done by '60. pat_k 2 hrs ago #41

That also means that the current business model Javaman 22 hrs ago #5

FDR's concept of the minimum wage: Mr.Bee 22 hrs ago #8

And, policies that concentrate wealth in the hands of the few at the expense of the many make for a very fragile economy pat_k 21 hrs ago #18

I very much concur Metaphorical 15 hrs ago #34

And who was in charge then? Oh yeah Ronald Reagan. Initech 21 hrs ago #16

Yes he certainly did. Diamond_Dog 21 hrs ago #20

Ronald Reagan was elected president in 1980 KS Toronado 21 hrs ago #21

Must do more than raise the minimum wage. Inheritance tax, wealth tax, capital gains taxed higher than labor and... pat_k 20 hrs ago #24

Oh there's a ton of stuff we need to get done and quickly. KS Toronado 17 hrs ago #32

My big worry is that too few of our electeds are out there advocating for the big stuff. pat_k 17 hrs ago #33

A tax on spending rather than income Metaphorical 9 hrs ago #35

Should be at least $30 per hour MichMan 19 hrs ago #31

Seattle's minimum wage is 20.76 and will increase to 21.30 1/1/26 pat_k 2 hrs ago #42

The minimum wage as established in 1938 was 25 cents per hour MichMan 20 hrs ago #25

But did it have the same purchasing power? leftstreet 20 hrs ago #27

In 1957, J. Paul Getty was worth $2-4 billion dpibel 20 hrs ago #30

Raygun made munimum wage political southmost 20 hrs ago #26

K&R Bayard 20 hrs ago #28

Big corps worked to keep prices down and wages low. Klarkashton 20 hrs ago #29

That goes back HarryM 9 hrs ago #36

So glad you pointed this out. cer7711 9 hrs ago #37

Minimum wage should have been indexed to inflation like Social Security. n/t Buttoneer 8 hrs ago #38

From the comercial. "I was drowning in debt." Hotler 8 hrs ago #39

TOP TEN COUNTRIES of Minimum wage chouchou 1 hr ago #43

K&R BlueWavePsych 32 min ago #44

"republicans"... Godot51 41 sec ago #45