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  • Not quibbling with you, becasue I don't think I disagee with you, but how is that 'unearned'? Is there a specific defintion of what consitiutes earned and unearned that's used by economists? I know thy have all sorts of terms that mean specific stuff

  • Earned income is wages in return for labour. Unearned income is rent, dividends etc that come from owning land or capital.

    I think Thomas Picketty made the point that income from wages has been going down over the last few decades, while unearned income has been going up. He used a few more words though.

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