Hacker News: imightbebatman

New comment by imightbebatman in "The labor share of income in the US is at its lowest post-war level"

imightbebatman — Tue, 30 Jun 2026 16:24:29 +0000

I have a similar PoV. I think rent seeking without sufficient checks is one of the biggest problems in our economy.

But the underlying problem that people aren't paid enough is still true. Outside a few fields, most people are underpaid. It's even more stark when measured against productivity increases during the same time periods. That wealth went somewhere. It wasn't to most people.

People have a tendency to get upset when they realize these kinds of things.

New comment by imightbebatman in "The labor share of income in the US is at its lowest post-war level"

imightbebatman — Tue, 30 Jun 2026 16:20:44 +0000

No, yea that's fair. I think he'd be even more confounded about the current state of affairs though. Just my read.

New comment by imightbebatman in "The labor share of income in the US is at its lowest post-war level"

imightbebatman — Tue, 30 Jun 2026 16:13:15 +0000

I very much doubt that. There isn't enough class solidarity to pull it off.

There will be a few who brand themselves as such. But actually seizing the means of production and handing them over to the people? -- The oligarchs will burn this country to the ground before they permit that to happen.

New comment by imightbebatman in "The labor share of income in the US is at its lowest post-war level"

imightbebatman — Tue, 30 Jun 2026 16:08:19 +0000

Is it not the dot com bubble pop?

New comment by imightbebatman in "The labor share of income in the US is at its lowest post-war level"

imightbebatman — Tue, 30 Jun 2026 16:07:03 +0000

The root of this started in the 70s as the New Deal coalition decayed and Keynesian economic theory fell out of favor among the elites.

To be fair their were good reasons at the time to think it wasn't working either.