Two contradictions for OECD households

Households in OECD countries have been faced with two contradictions in recent times: Between their status as wage earners and that as future pensioners and therefore shareholders: wage earners would like income distribution to be skewed in their favour; future pensioners would like an income distribution skewed against wage earners to drive up corporate profitability and the value of equity portfolios; Between their status as wage earners and that as consumers: consumers are in favour of offshoring to emerging countries , which reduces goods prices; wage earners are against it, as it destroys jobs. Since the 1990s, OECD countries have sided with future pensioners and consumers. Capitalism would be quite different if it sided with wage earners after the COVID crisis.