Income Inequality Explained: Why Wages Don’t, Won’t, and Can’t Keep Up With Productivity

In Human Versus Physical Capital Krugman stated … 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.

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Income Inequality Explained: Why Wages Don’t, Won’t, and Can’t Keep Up With Productivity