Same claim can be made about land appreciation in major metropolitan areas (e.g. NYC, SF Bay Area, Los Angeles, Seattle, etc). We need to figure out how to balance out gains in this recovery.
The original purpose was to point out the unsustainable nature of land ownership amongst other things.
Capital vs labor is a big issue but the non knowledge worker vs knowledge worker divide shouldn't be ignored either. Knowledge workers also employ similar capital leverage compared to the capital class through its employment.
It would be easy for someone who was 2-3 years into their career to now be making double at 10+ years' experience, a couple promotions, and a 50-75% overall salary inflation figure.
[0]: A mistake POTUS would be proud of :)
Look at skilled manufacturing. Employers basically refuse to pay based on supply demand even more than software etc.
Nah, we don't need to pit the lower class vs the middle class like you'd like to
Oil?
Except real wages for the vast majority.