And yet, most people are having to work longer than ever. Why? Because all the productivity gains are being captured by the top ~10%.
And now we're continuing to pour billions into AI that is going to boost our productivity even more! Hurrah! Progress!!
Who do you think is going to capture those gains?
We can argues over some of the details, but there's no question that Piketty is being proven right.[0]
[0] https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...
And yet, most people are having to work longer than ever. Why? Because all the productivity gains are being captured by the top ~10%.
And now we're continuing to pour billions into AI that is going to boost our productivity even more! Hurrah! Progress!!
Who do you think is going to capture those gains?
We can argues over some of the details, but there's no question that Piketty is being proven right.[0]
[0] https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...