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It's the imbalance between capital and labour.

When unemployment was low and labour had bargaining power, growth had to be shared. Mechanically.

Now that capital has (definitively, in my view) the upper hand, the dynamic is broken.
 

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Thu Mar 28th, 2019 at 05:56:57 PM EST
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