/biz/ - Business & Finance

>>14069059
>western worker nowadays is richer than the lords and kings of old

Completely false. Productivity massively increased since 150 years, however, wages increase far more slowly than productivity. Thus, people are relatively poorer than 150 year ago. Rich and poor are not a subjective concept. Productivity increase gave us a living standard, which by the way is not thanks to capitalists, but mostly thanks to workers, however, capitalist take a greater part of profit made than 150 years ago. Look at the picture in order to understand what i mean.