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Globally the pie has improved, there is traction in places where a penny was a healthy amount. But overall, the gains of technology are being concentrated in a
by intended 8y ago
Globally the pie has improved, there is traction in places where a penny was a healthy amount.
But overall, the gains of technology are being concentrated in a few hands.
The economists say that wealth is primarily created by tech change, everything else is just a functioning economy working as it would.
It seems that the low base effect makes every thing better off if you were terribly off. But if you were middle income you are worse off.
- winningcontinue 8y agointeresting idea that wealth is primarily created by tech innovation. Got a good source of reading on this? How would they address a few people concentrating wealth onto themselves?