/biz/ - Business & Finance

>>50430375
the reason you can't make any headway is because our new computerized, highly financialized system immediately swallows any productivity gains.
Say we all get 5% more productive. For once they pass it on to the workers, pay up 5% across the board. You'd then have 5% more to spend on a mortgage or rent. So housing costs all get bid up as the establishment constantly keeps housing tight via immigration / zoning to ensure it gets bid up to the max wages can support.
How old do you think the image is on this? Well over 100 years.