This article was posted on August 2, 1998.
Last week Associated Press reported that consumer activist Ralph Nader wrote a letter to all 358 of the world's billionaires asking that they convene a conference on the "National and Global Wealth Disparities and What to Do About It." Nader also pointed out that "the "return on capital has been far higher than the return on labor."
Ralph's a little late to the party. In April Retire Early pointed out that the stock market had gone up a lot faster than the average wage. The graph below illustrates this startling relationship.
Kind of makes one ask the question, "Why bother working?" Well, Retire Early did, see "Why bother working ?"
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Copyright © 1998 John P. Greaney, All rights reserved.