And unbelievably real inflation accounted for wages Today, the average American worker, if you can believe it, despite a massive increase in worker productivity, is lower today than it was 52 years ago. And during that period, There was a $75 trillion transfer of wealth that went from the bottom 90% to the top 1%. That is the reality of the American economy today. And you know what? Maybe we might want to be talking about that. (14:35–14:46)
CLAIM
Asserts a $75 trillion wealth transfer from the bottom 90% to the top 1%.
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