This is only part of it. A rather larger part, which is being masked by this, is automation. Sounds like a very ludditish stance, but we (developers) are the on

This is only part of it. A rather larger part, which is being masked by this, is automation. Sounds like a very ludditish stance, but we (developers) are the ones who are fuelling this, by replacing white-collar jobs with software, and blue-collar jobs with software and hardware. This, unlike globalisation, isn't going to self-regulate. It's going to result in capital accrual at those who own the intellectual property and the already existing capital. Have you seen mfg goods get cheaper as a result of automation? No. Have margins gone up? Yes. Is this trend going to continue? Yes.