Then there are the incomes of CEOs, hedge fund managers and other sundry (successful)traders.
When we value capital over labor, we will end up with the least productive society with the greatest wealth disparity.
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Inflation can be viewed in different ways. There’s credit, which can result in extreme price inflation without any income inflation (espeically with globalization) — see housing bubble, student loans/education, stocks, bonds, commodities, etc. — all leveraged. This is very dangerous, IMO, and we are seeing the aftermath of a massive, inflationary credit bubble that had really got going in the early 80s.
It will be interesting to see how far things can unwind.
