I still don’t believe this one. I mean, Ben Franklin must be spinning in his grave. The very IDEA this is happening wouldn’t be worthy of a segment on Infowars five years ago.
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Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...