The top 10% of income earners in the US account for 50% of consumer spending. LMK if you think that's part of the contract. https://www.marketplace.org/story/2025/02/24/higher-income-a...
I also think though that individual experiences of this kind are more about specific companies maturing than a widespread culture shift. A lot of people on these forums worked in tech companies that are relatively young and have changed a lot over the past two decades.
The second part of your sentence is not necessarily true. It might be true in some or even many cases, but it's certainly not something you can just assert & move on, as if it's a physical law.
There's just so much confusion here. Some people like you don't get why a world where a handful of billionaires own everything is a bad idea. Madness. I think nothing less than another depression will get through to most.
On its face, productivity vs pay isn't a faor metric. I agree that problem exists, but we shouldn't use it to benchmark
Like I said, madness.
It's like slavery was technically outlawed but a lot of America strongly disagreed. And they're posting on HN.
My point is increases in productivity can be caused by capital investment, not totally attributable to the worker. That money has to come from somewhere.
Ideally there's a fair balance. This isn't it but you can't look at the number you referenced blindly.
Correct systems-level answer to your question "how much do I pay you" is "as much as it takes to stabilize the US curve". Happiness correlates with financial security, which we won't get if the rich get richer from those capital investments then buy up all the housing.
Fun fact: Fit 2 lines on that data and you can extrapolate by ~2030 China will be a better place to live. That's really not that far off. Set a reminder on your phone.
Also, you know nothing at all of my opinion on whether "a handful of billionaires own everything" is a bad idea or not. All you know about me is I don't agree with you that rising inequality AUTOMATICALLY means some people haven't been rewarded as much as they "should", whatever that means. Reading comprehension, combined with not assuming others' POV, for the win.
https://en.wikipedia.org/wiki/Occupy_Wall_Street
I got what I needed from here, I'm out.