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by jonathankoren
3466 days ago
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Whether you believe it or not it doesn't really matter. What matters is that it is true. We can see this today, and through out history. There is an an accelerating concentration of wealth. Which is caused directly because the return on capital is greater than labor. So yes, while costs of goods has decreased, that doesn't mean that the benefits of technology are distributed evenly, or even fairly. The total cost of goods is irrelevant, if share of wealth has actually decreased, and that the economic ladder has been pulled up. |
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