I'm not sure I agree with the transition to full automation, but Piketty's premise that returns on assets will outperform returns on labor is still at the root of growing income inequality.
If you have a bankroll, investments will yield higher returns than returns on labor (just working your butt off). Without wealth shocks or redistribution the income inequality gap will continue to widen.
I'm not sure I agree with the transition to full automation, but Piketty's premise that returns on assets will outperform returns on labor is still at the root of growing income inequality.
If you have a bankroll, investments will yield higher returns than returns on labor (just working your butt off). Without wealth shocks or redistribution the income inequality gap will continue to widen.