Discussion about this post

User's avatar
jason humble's avatar

Love it! From what I understand, real wage growth has been stagnant for decades. Wage growth would give workers the chance for the American dream now, versus putting some away each month and hoping that investments "might" pay for an easier, RV filled life later. I don't know how you restore wages and worker bargaining power and avoid the upward spiral of inflation that you have spoken of previously, except by mutually agreed upon trust between manufacturer and worker.

Expand full comment
A. T.'s avatar

It’s surprising there’s been so little talk about how tax policy over the past 30 years has evolved to disincentivize work. When people can make a living from investing in Airbnbs or tiktoking or living the capital gains passive income dream, why bother with a job that actually produces stuff? If we’re serious about policy incentives to work and expanding labor supply, we need to equalize the tax gap between labor and capital income. Right now, you’re a fool to rely on labor income if you have the asset wealth to avoid it.

Expand full comment
12 more comments...

No posts