[jakecrouch]

Wealth inequality is the result of a debt bubble that's been growing for several decades, not technology. High household debt to GDP and wealth inequality probably coincide today for the same reason they coincided during the Great Depression. The ways these debts have to be restructured or dealt with distort the economy, in a way that tends to massively benefit some while hurting everyone else. If you own stock in or work for a health insurance company, the last decade has been fantastic. On the other hand, the government will soon find that it's having trouble keeping up with the debt from its healthcare programs. If you started a company in Silicon Valley, you benefitted from enormous pools of VC money that might have been in treasury bonds if the Federal Reserve hadn't already been buying trillions of them. If we look back historically, wealth inequality began to normalize by the 1950s only after the US's debt was erased. The story that runaway technology is creating massive inequality is unlikely be true in a country where GDP growth is only 2%.