likeabird03
Active Member
First I just want to say that I don't want to sound like Obama here because I believe he's got it wrong, and he doesn't know what he's talking about.
However I think a lot of what's responsible for the income inequality in recent decades is advancement in technology and innovation. The computer age has made people in many ways become obsolete, if they haven't been replaced with machines - they're competing with machines which cost far less to run. Secondly, advancements in technology has allowed for successful people and people who create things to become more recognized and far richer than in past times, and in many ways rightfully so.
I don't believe there's an easy answer to this, and I'm not suggesting one at this time. It's just a thought.
I'm also afraid that we may be entering a time period where service jobs, retail positions, and to some degree food service will become more automated, and electronic. This is going to be a very great challenge for our economy as some of these low paying jobs are the only ones left for some people.
However I think a lot of what's responsible for the income inequality in recent decades is advancement in technology and innovation. The computer age has made people in many ways become obsolete, if they haven't been replaced with machines - they're competing with machines which cost far less to run. Secondly, advancements in technology has allowed for successful people and people who create things to become more recognized and far richer than in past times, and in many ways rightfully so.
I don't believe there's an easy answer to this, and I'm not suggesting one at this time. It's just a thought.
I'm also afraid that we may be entering a time period where service jobs, retail positions, and to some degree food service will become more automated, and electronic. This is going to be a very great challenge for our economy as some of these low paying jobs are the only ones left for some people.