Savings Glut Conundrum

If there is a global savings glut, why does capital get such a big share of the pie?  If finance is so abundant, why is there not great competition for labor, bidding up wages? 

2 comments so far

  1. mikebeggs on

    Could it be partly that asset prices are being inflated without inducing real investment to the same degree?

  2. mperelman on

    You are absolutely correct.


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