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jadondrew t1_j8o5tu3 wrote

Reply to comment by lilhotdog in Apple Pay Later nears launch, company will use past spending with Apple to evaluate creditworthiness. by SUPRVLLAN

It’s almost like something went very wrong in the 1970s when wages stopped rising with productivity and instead a class of people became extraordinarily rich.

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Willinton06 t1_j8o7td2 wrote

The extraordinarily rich became extraordinarily richer

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Penguin236 t1_j8pxm1s wrote

What are you talking about? Extraordinarily rich people were around long before the 70s. Just look at people like Rockefeller and Carnegie. In today's money, they would've been the richest people in the world, even more so than the likes of Musk and Bezos.

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jadondrew t1_j8uqrxh wrote

Between 1978 and present, CEO compensation has risen 1,460%. Worker compensation has risen 18%. That is what I’m talking about. Cherry picking a few winners does not diminish overall trends.

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