npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 (npub1kpw…xzz4) npub167e4rdf7y7skwzt03hruxzpme7qms05pxu2fcthq6y3ag6hzrkgsnh6xnc (npub167e…6xnc) npub1tpsxqun7jgcc8m4au2f6ta9ndxjww4gfmdlcygd3p9r2rcuh35qsk69rmt (npub1tps…9rmt)
Since 1980, Bowley's Law is broken, and wealth inequality increases.
This is because business owners have been creating less value, and simply taking more as rentiers. It is a business trend of cost cutting, rather than serving the market better. It starves the flow of circulating currency, and often takes the form of reducing labor costs. Lower wages. More dividends.
Massive hoards undermine the entire economic system *if they don't ever get spent*.
Log 🪵 /
npub10w…mz280
2023-11-05 02:32:06
in reply to nevent1q…9r93
Author Public Key
npub10wkucpf7m7vzek330vgeehrg6220g3cjnn6c7xmqvm0q496uma6qpmz280Published at
2023-11-05 02:32:06Event JSON
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"created_at": 1699151526,
"kind": 1,
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"content": "nostr:npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 nostr:npub167e4rdf7y7skwzt03hruxzpme7qms05pxu2fcthq6y3ag6hzrkgsnh6xnc nostr:npub1tpsxqun7jgcc8m4au2f6ta9ndxjww4gfmdlcygd3p9r2rcuh35qsk69rmt \n\nSince 1980, Bowley's Law is broken, and wealth inequality increases.\n\nThis is because business owners have been creating less value, and simply taking more as rentiers. It is a business trend of cost cutting, rather than serving the market better. It starves the flow of circulating currency, and often takes the form of reducing labor costs. Lower wages. More dividends.\n\nMassive hoards undermine the entire economic system *if they don't ever get spent*.",
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