Comment by petra

This is the historical wage share of gdp of workers: https://en.wikipedia.org/wiki/Wage_share

And i'm sure the story for the bottom 50% of employees is even worse.

The trend is downwards, and the internet accelerated it. Does anyone think that robots and a massive technology boom that may soon happen won't accelerate it ? Why ?

And from that trend, given minimum wage, it seems that at some point in time, we'll have large unemployment.