Saturday, November 9, 2013

Inevitable Income Inequality

Latest issue of Economist has an article, "Labor Pains", which basically describes the percentage of labor share continues to decrease year by year, i.e., share of GDP growth going to labors continues to decrease due to technology advancement such as utilization of robots and automation software/hardware. It is pretty pessimistic if any government can do anything to slow or even stop this inevitable trend.


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