Inequality stifles innovation because capialists have no reason to make production more efficient when labor is artificially cheap, as it is in Asia. Why build

Inequality stifles innovation because capialists have no reason to make production more efficient when labor is artificially cheap, as it is in Asia. Why build an automated factory to build the machines that build memory chips when little slave children can do the same thing for pennies? In this way, organized labor drives innovation under capitalism, because capitalists will seek to maintain and grow their profits in the face of rising labor prices.