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Originally Posted by Tyrone Slothrop
We are towards the end of a long period of growth
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Maybe.
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and real wages are not showing it
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Arguably, they have recently started to. Regardless, issues with income distribution pre-date and are not explained by the most recent business cycle and existed in prior periods of higher labor force participation.
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Unemployment may be low, but it's because people have stopped looking for jobs
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That's not really true, but we've been over that before.
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You're too quick to dismiss what Sebby says.
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I don't see Sebby saying any of what you said. And his techno-babble gloom and doom is repackaged Malthusianism.
Automation has been a factor in how things have changed, but probably less so than the 30+ years of upwardly redistributing government policy. It's funny how when you keep cutting the taxes of the rich and restricting government spending on programs that support the poor, everyone who isn't rich doesn't do as well.
