Income inequality has increased rapidly in the last few decades, as the gains from globalization, technology, and political changes have flowed largely to top earners. At the same time, wages among earners in the lower and lower-middle of the income scale have stagnated.
And here’s the scary thing: These trends are likely to speed up in the next 10 years, according to consulting firm Bain & Company . By 2030, automation will eliminate up to 25% of all jobs in the U.S., hitting those at the bottom hardest. It forecasts that the benefits of automation will go mostly to the […]
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