This chart only tells part of the sad story.

Innovation comes from satisfying demand. With less wealth distribution, there’s less demand and less innovation which means less aggregate wealth.

It really sucks that we’ve spent the last 40+ years strip mining the investments and basic research that was done in the 50s, 60s, and 70s.
https://mastodon.nz/@neoteotihuacan/113535750896419788