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Overall, of course greater efficiency will ultimately yield greater prosperity. But this article skims over the details of how that prosperity is distributed, w
by vannevar 4y ago
Overall, of course greater efficiency will ultimately yield greater prosperity. But this article skims over the details of how that prosperity is distributed, which is where the vast majority of the political disagreement lies. Contrary to the tone of the article's last few paragraphs, not everyone thinks unemployment benefits, earned-income tax credits, and higher minimum wage are good ideas. On the other hand, everyone supports greater employment. That's why you hear politicians talking so much about job creation, it's the one thing their voters all agree on. In the US at least, the hard part isn't job elimination, the hard part is getting the government policy in place to mitigate job elimination and wealth inequality.