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“Globalisation, technological change, and the move to flexible labour markets has channelled more and more income to rentiers - those owning financial, physical, or so-called intellectual property - while real wages stagnate.” quote by Guy Standing
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“Globalisation, technological change, and the move to flexible labour markets has channelled more and more income to rentiers - those owning financial, physical, or so-called intellectual property - while real wages stagnate.”

Guy Standing

About This Quote

Source Book: "The Precariat: The New Dangerous Class", 2011

Economic shifts concentrate income among rentiers while wages for most stagnate.

In simple terms: Rentiers gain wealth, wages stall.

Key Takeaway

Address income inequality.

Themes

economics labor markets inequality

Mood

critical analytical

Type

academic political

When to use this quote

  • policy reform
  • union organizing
  • financial education
  • advocacy

Key Concepts

political economy social policy

Questions to Reflect On

  • What policies can curb rent‑seeking?
  • How does stagnating wages affect society?
A Different Perspective

Complex solutions needed.

2.4 out of 5 (3 ratings)

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