2 ms·
Income inequality will continue to grow as technology lets us produce tremendous amounts of value with comparably small amounts of employees. Said value is ofte
by Klockan 10y ago
Income inequality will continue to grow as technology lets us produce tremendous amounts of value with comparably small amounts of employees. Said value is often not accounted for in graphs like these so we can't really know if people are better off today than 20 years ago. I mean, would you rather live today with cheap internet, awesome computer and more free content on the internet than you can ever consume or would you want to live without those things with 10% higher inflation adjusted wage 20 years ago? I know what I would choose, hence I would say that the middle class has gained a lot.
The nice things about those things is that they are wealth agnostic as well. Bill Gates doesn't have better internet than me, nor does he have a better personal computer, better youtube, better facebook, better internet search etc. All of those are extremely valuable and are spread evenly between almost everyone in the west.