Tuesday, December 11, 2012

It Isn't Just About Skills


So the story has totally shifted; if you want to understand what’s happening to income distribution in the 21st century economy, you need to stop talking so much about skills, and start talking much more about profits and who owns the capital. Mea culpa: I myself didn’t grasp this until recently. But it’s really crucial.

You also need some leverage to demand higher wages. Maybe a little collective action.

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