Andrew McAfee on Why We Should Care About Inequality

Andrew McAfee has written a typically insightful blog post on the dangers of inequality.

“Some very important things are still expensive, and getting more so over time. Here’s a graph produced by economist Jared Bernstein (full presentation here) showing that housing, education, and health care — three biggies — have increased in price far more than middle class family income over the past 20+ years.” (read more)

This to me is the core of threat we face from technological unemployment. Eventually technology will lower the cost of education, health care, and even housing (in that order) but will this happen soon enough to ease the suffering of the newly unemployed?

Comments are closed.