NP - The Myth of a Jobless Recovery

[alice wellintown]

> Other economists--and maybe these guys in other work?---are showing how
> capital has moved more and more to business owners in the last decades in
> the US, partly due to capital investments outside of workers that increase
> productivity.

Not an easy problem to deal with; part of the solution must be to
educate and improve the skill of workers, so that human capital, where
the US has intensity and comparative advantage, can tilt back to the
workers. We can not go back to producing the goods we once produced
here with workers, products now made elsewhere by workers, or here or
somewhere with robots. A big challange is what to do about white men.
Another big one is what to do with new, uneducated and skilled labor.
Women are doing great. There is growth in the areas they dominate and
continue to build into through education and so on. But the white men
who once built houses and the like, the trades and so on, these guys
have a legitimate reason to occupy...well...not Wall Street, but ....I
don't know...um....the zone.