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Corporate concentration is lowering your wages

Matt Stoller has an article up reviewing a study showing how the increasing size of corporations has resulted in lower wages for workers. The article also talks about, contra my post below about self driving trucks*, the increased corporate concentration is also resulting in less investment, which means that our robot future (and, with it, productivity gains) is actually slowing (but not in a way that is a reprieve for workers).

*I am told that the joke in that article was too obscure: UBI stands for Universal Basic Income, people! It's how we can all benefit from increased productivity and automation. And click on the Knight Rider image for a rebuttal to some objections to the idea.

By fnord12 | April 6, 2017, 9:06 AM | Liberal Outrage