thanks for that article. this was the money quote for me:

"... a central riddle of the 2000s: from 1999 to 2009, the economy had added zero new jobs. Even before the real estate bubble burst, growth was historically weak. Explanations like technology and offshoring didn’t quite add up.

Longman and Lynn had a novel theory: the rise in corporate consolidation was the culprit. Small businesses drive most job creation in the U.S. A monopoly, meanwhile, has little reason to hire more workers, because it can just charge higher prices."

people who talk about automation taking jobs being the problem or universal basic income being the answer should take heed of this, the central economic issue underlying today's societal and political challenges.

monopolies are anti-capitalist.