"Paid What They're Worth"? I Don't Think So.

This is a video (4 minutes, 24 seconds) attached to a tweet (or is that an X?) by Robert Reich, Clinton's Secretary of Labor. I like this quote, near the end, about inherited wealth:

The biggest intergenerational transfer of wealth in history will occur over the next 25 years, as the richest 1.5% of Americans hand down some $36 TRILLION to their children and grandchildren. This doesn't make those heirs superior: It makes them lucky.

The idea that everyone is "paid what they're worth" has proven to be a cruelly effective way to put the blame on workers for not getting ahead — while giving the rich and powerful cover to rig the game for their own benefit.

Don't buy it. pic.twitter.com/kckQuOjZ2w https://t.co/yN0omnYZ6p

— Robert Reich (@RBReich) July 25, 2023