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by rrggrr
3415 days ago
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>McAfee pointed to newly collected data that shows a sharp decline in middle class job creation since the 1980s. False. McAfee will find a corresponding increase in middle class jobs in India and China and elsewhere for the same time period. The narrative that says automation has destroyed the middle class is demonstrably overstated to the point of being close to false. Employers arbitraged labor rates across borders, pure and simple. This issue is vastly more complex than the scope of the Wired article which suffers from temporal distortion about what has occurred versus what will occur and when. |
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