And yes, people with savings are beating inflation with yields on their investments, not with wage increases.
The fact that it only increases the inequality and wealth concentration for everyone* but the very few on the top is lost in the timeframe.
*I do mean almost everyone, even with a few mil in savings (stock, bond, real-estate, etc markets) & insane gains for decades now these people are worse off compared to how much monies & power the billionaire class gained.
“Economy” --> “Financial markets”
And yes, people with savings are beating inflation with yields on their investments, not with wage increases.
The fact that it only increases the inequality and wealth concentration for everyone* but the very few on the top is lost in the timeframe.
*I do mean almost everyone, even with a few mil in savings (stock, bond, real-estate, etc markets) & insane gains for decades now these people are worse off compared to how much monies & power the billionaire class gained.