alt Hacker News> The economic surplus from that increase in productivity accrued to everyone in society, not just the wealthy.
Sure, a poor man with two dollars is richer than a poor man with one dollar.
And yet the man handing out the dollars had 100$ in surplus when he was handing out 1s and now that he's handing out 2's he's got 1,000,000,000.
Look at the wealth disparity. Even if quality of life has increased, it's not wrong for the people delivering that increased quality of life (workers) to also demand a requisite slice of the pie.
In fact, I see no reason why the pie should be shared with wealthy non workers at all. Were they necessary for the increased quality of life?
On top of that, it's a global economy. Expand beyond the USA and include in your analysis how life has changed in imperialized nations that now function as cheap labor sources for our factories that pollute the local environment while exploiting workers for absurdly low wages and bad working conditions.
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> Look at the wealth disparity. Even if quality of life has increased, it's not wrong for the people delivering that increased quality of life (workers) to also demand a requisite slice of the pie.
Sure, but the argument being made is that "productivity gains accrue to the benefit of solely those at the top of an enormous pile of wealth."
That is simply not true. Across the entire world, from rich countries to poor countries, economic development, driven in large part by technological development, has resulted in a dramatic improvement to everyone's quality of life.
https://ourworldindata.org/history-of-poverty-has-just-begun
The way some people talk about it, it's as though they wish they were middle class in the 1920s instead of in the 2020s. People are so. much. richer. today. In ways that really matter, like education, retirement, ability to travel the world. MEDICINE.
I get that it still sucks today. The only point I'm making is that it's false that the historical economic surplus has accrued "solely" (or even, mostly) to the wealthiest. It's not true.
> Expand beyond the USA and include in your analysis how life has changed in imperialized nations that now function as cheap labor sources for our factories that pollute the local environment while exploiting workers for absurdly low wages and bad working conditions.
Agreed, let's do that! Here is the economic history of the developing world over the past 70 years.
https://ourworldindata.org/history-of-poverty-has-just-begun
Pick any metric you care about: number of people living on less than $1/day, literacy, maternal mortality, access to birth control. It has dramatically improved in the developing world over the past 70 years or so.