@lthlnkso: Is this the worst time to be an American worker? (No) @Marcus DiPaola

michelle 🦢☕️🧸 :

we literally dont have a middle class anymore and saw the greatest wealth transfer in history during covid. this can be true but wages have stagnated when prices havent so we are worse off

Nicolas Rowe :

We’ve also seen a huge increase in independent contractors and small business owners. While there are inherent problems with that, it’s not necessarily a bad thing for more workers to have more independence and control over their incomes.

sisyphus68 :

I genuinely wonder how many minds are changed by QT’s videos. He’s committed to debunking misinformation, which is very noble. But it seems like the algorithm ensures that he’s mostly preaching to the choir of rationalists, whereas the people lapping up the misinformation aren’t interested in careful analysis.

Sam Ferree :

Mark :

You're technically correct, but missing the point in that as society advances, the ownership class are vastly disproportionately seeing the benefits of that and the working class is seeing very little. And that's a problem.

Donald MacKenzie :

The issue is they have too much “class consciousness” 😂. When the whole world and all of history is a struggle between owners and workers, it doesn’t even matter if everyone is better off because everything the bourgeois have should be theirs! Lol

ajenko14 :

If the labour share is decreasing over time, can we draw the conclusion that income/wealth inequality is technically increasing?

JerryJones2000 :

a simpler explanation would be that we have fewer small businesses employing people in the US versus large corporations. I'm not sure if that's true, but it would be a simple explanation.

Coolkat_TW :

Yes on an individual level it does hold much value but the statistic absolutely has value when taken over the entire economy.

ceilings :

they must pay you a lot to get on here and tell everyone that prices and wages are just right and funneling the money to the rich who already have the money is the best plan

ChemEngineer26 :

It doesn’t mean that you’re worse off, but it does mean that you’re getting a smaller share of the pie. Executives and c-suites are getting higher and higher compensations while average workers, who produce the bulk of productivity, have stagnant or very slow-increases to their compensation

JR Carrel :

Most people don't understand the actual mechanics of a rising tide lifts All Ships

Doitfastpeoplearewatchingyou :

Uhh, so the percentages between share of a persons earnings at a bookstore vs Google are partially because of what you’re saying, but the main reason for the massive orders of magnitude difference is that there are more employees. The first chart is compensating for that by taking the total share of value that goes to workers as a whole. The math you did has no value if you don’t do the same correction. Also, the point is that less of the economy is going to working Americans. That’s a bad thing. Some of it is going to internal costs, as stated, which isn’t necessarily bad - but the offshoring of large parts of the economy and the share of the earnings going into financialization or to the top earners is bad because the productivity gains of society aren’t going to the vast majority of people doing the labor for those firms to operate. That’s the whole point of this and it’s not addressed at all because it would be too nuanced or something? Also no mention of the political and societal consequences of wealth inequality? It’s all just “how much is CPI adjusted median wealth”? Stupid af analysis I can’t believe you people

jlkusa :

you don't even know the graph you're mocking him for is truly showing And this is the important part for your argument: it is not measuring whether workers are richer or poorer in absolute dollars. It is measuring what portion of the economic value being produced is going back to workers. BLS itself describes it as an indicator of the extent to which workers share in the economy’s output which is a multitude of factors..

Human Being :

Is this the same guy that said AI art is the only way he can create 😂

bobgjunga :

we live in a world with increasing automation and productivity. the worker vs owner debate of the early 1900s is not the same that we have now. if all the gains go to a small group, society will cease to function.

potuler :

You know that it will likely be a bad take when they are using a scale that doesn't start at 0.

Jeb :

It’s all based on envy 🧐🤨

joeyjoejoeSD :

you get 1/3 of the pie now you only get 1/4 of the pie but the tradeoff is that pie is twice as big

46 75 63 6B 20 79 6F 75 :

At my company, our EBITDA is incredible. Our salaries follow. Small team, massive revenue. Great for our equity

Quincie’s :

labor share is compensation over value added, so of every dollar of output workers produce, the smallest share ever recorded now goes to them

ugdo37 :

I think the point is that workers are getting a smaller share than they used to, even if they are making more money. It's fundamentally unfair and is a sign of increasing exploitation of workers.

Kmoney2025 :

most ppl dont go to Google to make 300k a year

pennidren :

Not sure I agree with this take, and that is rare for me regarding your content. Employees contribute value to a business, and the business pays employees accordingly. If the amount paid to employees as a proportion of business earnings has substantially declined, the question of why it has declined is valid regardless of fixed pie fallacy or better quality of life overall. Are you saying that the business owners are getting better and/or employees are getting worse? If so, is that not still something to be evaluated and discussed? And if not, what factors are involved in this shift?

joseph :

So you're saying that current inflation is not outpacing wage growth. also, do you believe inflation properly reflects actual increases in costs.