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Hmm... 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 gr
by lsiebert 9y ago
Hmm... 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...