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What's the Upshot of All of This?
Low paying firms are squeezing every penny while the top businesses are bidding for the limited talent pool. That is creating this sort of suffocating effect, which means we have less startup activity. And also those big leviathans are cutting out of their companies, all the low pay roles. So it's not the inequality of the 80s that supposedly birthed that notion of trickle down economics. But in the 2010s, what we've seen since then is a flat line and decline in real terms for the majority of us.