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> Growing wealth inequality in the United States in the last twenty years was caused mostly by globalisation Which is caused by two major factors: easier shipp
by eropple 9y ago
> Growing wealth inequality in the United States in the last twenty years was caused mostly by globalisation
Which is caused by two major factors: easier shipping, easier communication--both of which the tech sector encourages, facilitates, and pushes forward. And yes, automation is a nontrivial part of wealth inequality's growth, especially over the last ten years rather than twenty--you don't move a secretary's job elsewhere, you destroy it. Capital requires fewer hands than ever before and enables further centralization of that capital--and this is direct fallout of automation making workers superfluous.
- goatlover 9y agoSo all that cheap foreign labor doesn't count in the equation? There is automation, and there is moving operations overseas where the workforce is ten times cheaper.