Why people can’t build wealth on wages alone, and what to do about it

At the root of the solution are new forms of ownership.

[Source Photo: Adobe Stock]

As Jennifer Harris, director of the Economy and Society Initiative at the William and Flora Hewlett Foundation, has recently pointed out, we are at a particularly fraught moment. Rising inequality means that fewer people have spending power, creating incentives that sharpen the affordability crisis for everybody else. But there are remedies that don’t require draconian taxes and are proven to work—at their core is ownership. 

Since 1984, worker productivity in the United States has risen by 80%. Real wages have risen by 20%. The stock market, in the same period, has risen by roughly 9,000%. Now comes artificial........

© Fast Company