Comment Comment by oblio > Wages do historically appear to grow slightly above inflation: https://fred.stlouisfed.org/series/LES1252881600Q so some of the productivity gain is captured by the workers.The real question is: what's the rate of growth for capital returns vs labor returns? If capital returns are accelerating, over 50-100 years, yeah, we will still end up in techno feudalism. parent oblio 4 days ago
The real question is: what's the rate of growth for capital returns vs labor returns? If capital returns are accelerating, over 50-100 years, yeah, we will still end up in techno feudalism.