I grew up low class, and expected my life to be hard - only I didn’t process it as “hard”; it was just how life *was.* I was going to have to spend the rest of my life doing minimum-wage physically-hard labor, and then getting pregnant. That was the plan, but more importantly-
I think it is out of place, but maybe not for the reasons you think; my theory is we have a reduced competition among companies; there’s not enough companies fighting over hiring ppl which would naturally drive up wages. Why don’t more ppl make their own companies?
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Because consumption is not spread down the ladder The existing companies are satisfying the existing consumers in dollar terms and any growth is marginal
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Plus growth arguments have the ultimate limitation that we have only one planet
End of conversation
New conversation -
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Also, more ppl don't make their own companies because few people have a safety net If the choice in the risk-taking is succes or get on the streets for most people, they will chose predictably
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