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To sum it up: 1) in 1971 economy gains decoupled from compensation - worker gains lag overall gains 2) productivity increases declined compared to the decades
by locallost 3y ago
To sum it up:
1) in 1971 economy gains decoupled from compensation - worker gains lag overall gains
2) productivity increases declined compared to the decades before
3) inequality correlates with the rise in desire for a radical change, revolution, communism and other bad things
Author's conclusion: we must declare a state of emergency to raise productivity.
What?! It also quotes Peter Thiel for good measure, that we were promised flying cars and got 140 characters. Gee whiz, Mr. Billionaire Investor, maybe you should've invested in flying cars, and not Facebook or profiting from people's personal data.
What an appalling article.
- deleted 3y ago[deleted]