90% of people now share just 7% of wealth growth an inversion of the norm in 1950 – 1960.

    • CurlyWurlies4All@slrpnk.netOP
      1·
      1 year ago

      Boomers.

      But more seriously the linked report’s conclusion is

      Of course, these outcomes reflect much deeper forces, such as the concentration of Australian businesses into oligopolies and the weakening of unions in the Australian labour market. They also reflect a worldwide trend.