We've got big problems in our economy and income inequality is certainly one of them, but it's asinine to pretend that most individuals in society have not benefitted from technological progress.
We've got big problems in our economy and income inequality is certainly one of them, but it's asinine to pretend that most individuals in society have not benefitted from technological progress.
My kids have a vastly more fragile lifestyle then I did right out of college.
Even your list is out of touch; many of my friends in San Francisco don't have in-unit washer or dryers. Look I don't even think I'm even making a crazy observation; I'm just continuing the trend - as AI gets better and more pervasive it's only natural that wealth will concentrate without some force to redistribute it (either through wages or taxes).
A better example is, we go fishing, I catch fish, you chop wood, we build a fire with my wood and eat with your fish. We are both better off than we were before.
If you want to talk about shutting up in the face of inequality, pick a better example, or better yet, mention that you're not talking about the economy at all, even though that's the point of discussion here.
Are you implying there is no income equality today? I don't understand your contention with my point. It's more just asking me to ignore actual data and be happy with the fact that I can buy a flat screen TV for $200.
It's seems natural that capital accumulates - and with AI this process is only going to get more concentrated; and looking backwards its clear we its only going to get worse.
Income inequality in the economy is present, yes, but economists are not in agreement whether it's a good or bad thing, and whether redistribution of wealth would even solve it [0]:
> Despite the extensive existing literature on income inequality and economic growth, there remains considerable disagreement on the effect of inequality on economic growth. Existing literatures find either a positive or a negative relationship. In this paper, we attempt to theoretically examine that relationship with a stochastic optimal growth model. We make the disagreement clear within a single model. We conclude (i) that both are possible – that is, higher inequality can retard growth in the early stage of economic development, and can encourage growth in a near steady state, (ii) that income redistribution by high income tax does not always reduce income inequality. Income inequality can be reduced by higher income tax in a near steady state, but it cannot be reduced in the early stage of economic development, and (iii) that two government polices – rapid economic growth and low income inequality – can be achieved by low income tax in the early stage of economic development, but both cannot be achieved simultaneously in a near steady state.
[0] https://www.sciencedirect.com/science/article/abs/pii/S02649...
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Now if you would like to submit literature on this topic, please do, as simply talking about what seems "natural" or "clear" does not really mean anything.