Someone today described this as the ‘K-shaped’ recovery - the rich get richer while everyone else sinks into the mud. #EmergencyMoneyforthePeople
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Kinda like these shapes but more K-ness
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i wonder what year on the productivity v income lines started that split. it’s so stark.
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Replying to @rdaneel_ @leo_walder @austinm419 @AndrewYang
The trend started in the 1980s with the advent of trickle down economics.

Aug 31, 2020 · 11:19 PM UTC

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Replying to @marwilliamson @austinm419 @AndrewYang
It looks like it initially started in 71 but I could imagine the concept of trickle down economics in the 80’s not helping the cause.
Eric Weinstein
 @EricRWeinstein
6 May 2020
“What happened in 1971-1973?” maybe the most underrated question of our time. There are roughly two schools. The larger more prestigious school thinks it was about economics. The smaller school thinks the economics were downstream of science and Embedded Growth Obligations.
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Replying to @marwilliamson @leo_walder @austinm419 @AndrewYang
Trickle down is one theory. "And the second theory if we make the average of mankind comfortable and and make them secure in their existence, then their prosperity will rise upward through the ranks." — FDR americanrhetoric.com/speeche…