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Exactly. Increasing wage inequality is an expected feature of the shift to the knowledge economy when large intellectual differences exist in the population. Th
by chibg10 9y ago
Exactly. Increasing wage inequality is an expected feature of the shift to the knowledge economy when large intellectual differences exist in the population. This often gets ignored in these discussions and people instead want to focus on the 0.01% capital class (and there are strong political incentives to do so), but that class isn't what's causing the 90th and 95th percentile earners to pull away from the middle class. That increasing wage gap is more consistent with a skills gap than a rigged system.