Tag Archives: labor

The Rowboat (Wages) and the Yacht (Assets)

The reason why the status quo has failed and is fragmenting is displayed in these three charts of wages, employment and assets: wage earners (labor) are in a rowboat trying to catch the yacht of those who own assets (capital). Here … Continue reading

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Do the Roots of Rising Inequality Go All the Way Back to the 1980s?

I presented this chart of rising wealth inequality a number of times over the past year. Do you notice something peculiar about the inflection points in the 1980s? Correspondent W.S. noted that the inflection point for the top .1% (late … Continue reading

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Business Owners Who Employ Illegal Aliens Should Be Arrested

They should be jailed, denied bail due to the severity of the crime, and tried under the Patriot Act and other federal code for supporting whatever heinous crimes Trump and company blame on undocumented workers. It makes perfect sense. When … Continue reading

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Work Won’t Be Scarce–It’s Paid Work That Will Be Scarce

All the media chatter about work disappearing due to automation fails to draw the critical distinction between useful but unpaid work and profitable work.Since value (and profits/wages) flow to what’s scarce, what matters is not the decline of useful work–there’s … Continue reading

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The Most Profitable Work Will Be Automated: The Rest Will Be Left to Us

What’s abundant and what’s scarce? The question matters because as economist Michael Spence (among others) has noted, value and profits flow to what’s scarce.What’s in over-supply has little to no scarcity value and hence little to no profitability. What’s abundant … Continue reading

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