4 ms·
I used to think so as well until I read The Great Demographic Reversal. The book argues that gains on capital will decrease as time goes on, due to labor becom
by jmoak3 5y ago
I used to think so as well until I read The Great Demographic Reversal.
The book argues that gains on capital will decrease as time goes on, due to labor becoming scarcer globally. Over the past half century global labor has been plentiful so of course capital to mobilize people would have fantastic returns.
I don’t think a revolution like this is likely, in fact I expect to see more unions and higher costs for the rest of my life, and for common workers to finally catch a break.