Quote:
Originally Posted by Adder
Maybe.
Arguably, they have recently started to. Regardless, issues with income distribution pre-date and are not explained by the most recent business cycle and existed in prior periods of higher labor force participation.
That's not really true, but we've been over that before.
I don't see Sebby saying any of what you said. And his techno-babble gloom and doom is repackaged Malthusianism.
Automation has been a factor in how things have changed, but probably less so than the 30+ years of upwardly redistributing government policy. It's funny how when you keep cutting the taxes of the rich and restricting government spending on programs that support the poor, everyone who isn't rich doesn't do as well.
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Have you heard the one about the neoliberal who walked into a bar?
The bartender asked him why he didn't have shoes on.
And he said, "Let's assume I have a pair of nice loafers..."
