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Health care, education and other costs keep rising, (even when adjusting for inflation). Wages have been stagnant when adjusting for inflation. And hey, it's
by lsiebert 9y ago
Health care, education and other costs keep rising, (even when adjusting for inflation).
Wages have been stagnant when adjusting for inflation.
And hey, it's almost time for the census to report. September 12, 2017. https://www.census.gov/newsroom/press-releases/2017/advisory-income-poverty.html https://www.census.gov/newsroom/press-releases/2017/advisory...
- l5870uoo9y 9y agoIf we are to realise the great potential that lies ahead with mass automatisation and AI, we must ensure that whole of society benefits from this. There must be more focus on sectors such as logistics which are being hit first by mass automation. We need to define a new social contract between employees, workers and technology to make this work.
- throwawaywonk 9y agoAlso you could just have unions and corporations could stop dicking people over. :)
- lsiebert 9y agoHmm... Contracts tend to favor those with more power. I worry that the wealthy will see those less fortunate not as a potential engine to accelerate overall growth, but as a burden, and, with the weakening of workers rights and unions accelerated by the trends you mention, the new social contract may be less beneficial then even current circumstances. In which case I'm sure there will be those who blame immigrants, people of color, the government, unions, etc. Certainly it won't be the wealthy who are blamed, they will be instead admired for their supposed acumen, despite the fact that the majority of the wealthy inherit their wealth, and that majority has been rising. https://www.economist.com/blogs/buttonwood/2014/03/inequality https://www.economist.com/blogs/buttonwood/2014/03/inequalit...