▲ | snovymgodym 3 days ago | |
"economic growth" and "GDP" are numbers on a spreadsheet which are only important to economists who serve the elite. Meanwhile for the last half century the average American has seen declining wealth and wage growth when adjust for inflation, while elite wealth has grown immensely during the same time period. So who is benefitting from "economic growth"? [1] This is due to many factors, but I'm wholly unconvinced by the neoliberal notion that high immigration doesn't undercut domestic wages. [1] https://www.epi.org/publication/charting-wage-stagnation/ |