this post was submitted on 23 Oct 2025
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A Boring Dystopia

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[–] merdaverse@lemmy.zip 30 points 3 days ago* (last edited 3 days ago) (2 children)

Average real income (adjusted for inflation) has been pretty steady in the last 50 years for the bottom 50% bracket. The higher up you go in the income bracket the higher the growth becomes. The real income of the top 0.01% has grown by 670% in that same time. So you can see where all that extra wealth generated from 2x productivity boost has gone. Trickle up economics.

Source with nice graphs

*This is for the USA, but if you look at data for other countries the tendency is the same.

[–] Doc_Crankenstein@slrpnk.net 2 points 16 hours ago

"trickle up economics"

Aka ... Capitalism

[–] Korhaka@sopuli.xyz 14 points 3 days ago

UK hasn't seen that same productivity increase but has seen the increasing inequality.

We know it's bullshit so we stopped trying to work hard.