7 ms·
Lots of things are wrong with this article, not least of which is that the writing is so unclear that it's hard to make enough sense of his argument to point ou
by skywhopper 13y ago
Lots of things are wrong with this article, not least of which is that the writing is so unclear that it's hard to make enough sense of his argument to point out what's wrong.
That said, the main takeaway here is that the author doesn't consider growing income disparity to be a problem. Perhaps a better way to look at it is this: growing income disparity is a symptom of the real problem, which is that the economy hasn't really done all that well since the end of the 90s.
A strong economy that's serving all individual participants well would result in shrinking income disparity over time. The fact that we don't see this is indicative of some major problems.
- stretchwithme 13y agoNo, a marketplace where people are rewarded for what they produce yields more unequal incomes. Because people in a free society with access to capital and mass production and distribution can be incredible productive. And others can do manual work with no mastery of technology at all and not sell their work to the world. Those two extremes are going to get more extreme over time, not less.
- mchusma 13y agoAuthor here: I write for mostly my own thinking and hadn't actually put something out in a week so wanted to get it out the door. Sorry to the extent it was unclear. I think psychologically you are correct in that most people would probably be less upset with income disparity if the economy was doing better overall. We are in a long, slow recovery. I do disagree with your main premise. I think in the technology economy we would see increasing income disparity over time. My only real solution to this problem is basic income.