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plummbob t1_jadbgv3 wrote

Reply to comment by RVAVandal in Richmond Public Schools principals unionize by CrassostreaVirginica

> and the Capitalist class.

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what exactly is that

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chairmanbrando t1_jadd7ih wrote

It's only the very thing that has been holding this country back for decades with stagnant wages while productivity and corporation profits continue to rise.

https://en.wikipedia.org/wiki/Class_conflict

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plummbob t1_jadetov wrote

>stagnant wages

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doesn't look flat to me

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Besides, absent land rents, capital share of net income isn't even that great

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class conflict is a nice theory if you need to a distant other to blame when you have actual market power from economic classes

but for locally caused problems -low public amenities, poor schools, underperforming infrastructure, high housing costs, pockets of intractable crime are all entirely RVA's locally sourced problems...and is it really the uber-rich causing the poor performance the these things?

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take this bonkers of a story. kinda hard to blame jeff bezo's for unsafe streets when its the residents themselves that turned out to protest improving them

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gravy_boot t1_jadj2dy wrote

> doesn’t look flat to me

Is this data normalized to the cost of living, or anything else?

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plummbob t1_jadk2rl wrote

whenever you see the word real in something like real income or real wages in a dataset like this, it means its adjusted for inflation.

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