> But we don't have a solution to the problem of global capital chasing efficiency globally, and thereby hollowing out the middle of the income distribution in

> But we don't have a solution to the problem of global capital chasing efficiency globally, and thereby hollowing out the middle of the income distribution in Western economies. It isn't a solvable problem, honestly, is the big secret no one really wants to admit. Capitalism, by its nature, is going to chase efficiency globally regardless of what you do to prevent it. Technology, over time, is going to make this worse because it is easier to avoid inconvenient regulations by operating out of "friendly" countries as well as enabling automation that really only leaves "services" that pays very little for many people who used to have better options. The truth is the Middle Class is going to shrink no matter what you do and you are going to basically end up with a very large gap of people making 6 figures (who can afford to hire people to handle things for them) and less skilled people who will be reduced to jobs servicing them that barely pay above minimum wage. People don't like "income redistribution" but that is the only way to actually solve the problem long term. It needs to be done in a way that working is still incentived but where those relatively low paying service jobs + the redistribution leaves people with the housing, food, and health care they need. The reality is, the bottom 50% in most countries need about 20% of the national income to be happy...and in the US they are getting about 12%. The problem is, right now, that is politically impossible outside of a handful of European countries.