Saturday, January 26, 2013

SBTC

Economic growth or social fairness as discussed in a recent NY Times article? Before 1950s, American workers captured a solid share of the economic growth that economists call that era as "Great Compression" since income equality was minimal. Since 1979, the top 0.1% has taken in 25% of the nation's income while bottom 80% of households saw their incomes drop steadily. S.B.T.C. (skill-based technology change) should be the deciding factor to this growing income equality. Only education and abiding skill-enhancement can keep your head above water in this competitive world.

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