I think our eyes have been averted from the capital/labor dimension of inequality, for several reasons. It didn’t seem crucial back in the 1990s, and not enough people (me included!) have looked up to notice that things have changed. It has echoes of old-fashioned Marxism — which shouldn’t be a reason to ignore facts, but too often is. And it has really uncomfortable implications.
But I think we’d better start paying attention to those implications.The New York Times — The Conscience of a Liberal
Rise of the Robots
Paul Krugman | Professor Economics, Princeton University
(h/t Kevin Fathi via email)
You heard it here first.