this post was submitted on 22 Oct 2024
748 points (99.0% liked)
Political Memes
5408 readers
3189 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's my point.
Western countries had the fastest growth during those two decades due to a post-war boom. ie. Workers were glad they were no longer being sent to die and the future looked bright.
The study you linked isn't conclusive and even mentions in the abstract that different measures could yield different results.
The results it found might not hold true everywhere because it uses data from places where poverty is very high, meaning that the conclusions may not be as broadly applicable as they might seem at first glance.
This source, which I found searching for "inequality gdp growth", explores that further: https://link.springer.com/chapter/10.1007/978-3-031-59858-6_19
There are other issues with it surrounding data quality as there often are with economic studies and as such they shouldn't be held in the same regard as scientific ones.
But more fundamentally, capitalism works by paying workers less than the value of what they produce, thus extracting surplus value from their labour. That is what I was getting at with my original point.