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Certainly true. I note that this is causing the "good" half of income inequality, though: the "some people are getting richer" part, not the "other people are
by aetherson 13y ago
Certainly true. I note that this is causing the "good" half of income inequality, though: the "some people are getting richer" part, not the "other people are getting poorer or staying the same" part.
(I digress, but: we all agree that given three different possible worlds, A, B, and C, where in A, everyone's poor, in B, most people are poor and some are rich, and in C, everyone's rich, C is the best, and A is the worst, right? Nobody's here to argue that A is better than B?)
To the extent that you can draw a causal line from "tech boom" to the bad half of income inequality (the "lots of people are getting poorer or stagnating" part), it's more about "wealth gets tied up in companies that just intrinsically employ fewer people than the labor-intensive manufacturing companies of the mid 20th Century."