6. jan. 2011

inequality & income & the bleeding obvious

Check the graphs in this op-ed piece from the Washington Post. Especially the one about productivity and median income, and isn't it easy to spot that the writer is missing one very obvious point in why productivity goes up without income increasing accordingly: It's the technology, stupid!

And technology is just one of many, many factors that very obviously explain why income is not going to rise for the majority of people in the west in future years. Now, let's try and find ONE politician brave enough to admit this to the electorate...

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