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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.
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Okay. It's been bad for longer than I stated. The economic crisis simply made it even worse.
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That's not really true, but we've been over that before.
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Actually, it is. Unless you believe it's boomers retiring.
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I don't see Sebby saying any of what you said. And his techno-babble gloom and doom is repackaged Malthusianism.
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http://www.epi.org/publication/chart...ge-stagnation/
https://www.statista.com/statistics/...te-since-1990/
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Automation has been a factor in how things have changed, but probably less so than the 30+ years of upwardly redistributing government policy.
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I agree both are problems. Labor unions could fix a good bit of this, but they're so fucked right now, that's hopeless.
And you know why they're fucked? Because automation and globalized labor market expansion undercut the only leverage workers have had or ever will have.
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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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It's funny how when you allow a situation to emerge in which labor's sole leverage is eliminated, labor has no leverage.
