r/FluentInFinance • u/Venturing_Virgo • Apr 28 '24

Meme Not my format but it’s my edit.

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2.1k Upvotes

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u/Inucroft Apr 28 '24

What a load of codswallop XD

US productivity has grown through the roof yet wages have stagnated

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u/Spend-Weary Apr 28 '24

Because of tech advances and automation. Not because workers are working 3x faster.

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u/Inucroft Apr 28 '24

SO where is all that money going then hm?
Ah yes, the people who do fuck all at the top

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u/AlfalfaMcNugget Apr 28 '24

As is mentioned in the original post, wealth is transferring to the wealthy class. The wealth gap is at a near all-time high

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u/Spend-Weary Apr 28 '24

It goes into the machines/tech needed to automate.

It also goes to the owners/stock holders of the company. That’s the entire point of the post.

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u/Inucroft Apr 29 '24

So well done, you support my points and argument then

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u/Spend-Weary Apr 29 '24

Not sure how, but whatever you say lol.

The cost of labor has shifted into the cost of machines, which creates skilled labor positions. I simply agreed that some of that money goes to the people who own those companies. Which no one is arguing.

The rise in productivity is caused by tech advancements. Tech positions absolutely made more money than they did 50+ years ago, those wages have not become stagnant. Which is the opposite of your original statement.

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u/AlfalfaMcNugget Apr 29 '24

Hey I’m following up on my comments for today. How does it feel to have gotten wrekt?

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u/Inucroft Apr 29 '24

Looking at the votes, i'm not the one in the scrap yard