Originally Posted by
howdyclub
Definitely a K recovery. Anything given to the top goes into financial products. Anything given to the bottom is spent on booze and rioting. Supporting otherwise insolvent companies can be a slippery slope politically with such a large wage disparity within them.
Although I did not hear it called as such, 2-3 years ago, many were claiming a K recovery. “The rich are getting richer and the poor are getting poorer.” Before COVID-19, the facts were those at the low end of the income were getting a higher percentage of income increases than those at the top end. Those typically chronically underemployed groups were seeing all time record low unemployment rate. Food for thought.