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Comment by ig1

There's a building body of evidence which indicates that returns are increasingly going to capital and not labour, however not as a result of "power-grabs" but rather technology (the same thing happened during the early part of the industrial revolution).

It's actually the cover story of this weeks Economist:

http://www.economist.com/news/leaders/21594298-effect-todays...

If you're a fan of harder data, you can read the UK Government report about how technology is responsible for driving the destruction of middle-income jobs and pushing up inequality:

https://www.gov.uk/government/uploads/system/uploads/attachm...

[Edit: Given the number of up-votes this is getting I've submitted the Economist link as it's own story: https://news.ycombinator.com/item?id=7089531]

parent ig1 12 years ago

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