Wealth is not income. You can’t derive the rate of exploitation from wealth inequality.
If we assume that every worker produces roughly the same value
I mean lol again. Especially if you need to stretch as far as the top 10%. Doctors, surgeons, electricians, linemen, plumbers, veterinarians, dentists, engineers, etc are all going to be producing more than double the value of your average retail worker.
The only way to create wealth is via work, e.g., income. It’s not a perfect measure, I concede, since wealth is static and can accumulate over time. However, I think we can still use it as a rough estimation of stolen income over time.
However, this source claims there is a 70% gap between wages and produced value. That roughly matches the number I gave.
Wealth is not income. You can’t derive the rate of exploitation from wealth inequality.
I mean lol again. Especially if you need to stretch as far as the top 10%. Doctors, surgeons, electricians, linemen, plumbers, veterinarians, dentists, engineers, etc are all going to be producing more than double the value of your average retail worker.
The only way to create wealth is via work, e.g., income. It’s not a perfect measure, I concede, since wealth is static and can accumulate over time. However, I think we can still use it as a rough estimation of stolen income over time.
However, this source claims there is a 70% gap between wages and produced value. That roughly matches the number I gave.