Inequality has reached excessive levels and globalization is not dead
If the pace of technological change is accelerating, as many expect, and if we are moving to an even more insecure gig-type economy of freelance workers, then we need to come up with some good answers if we want a more inclusive society.
TORONTO—History tells us that the only way over time to raise individual living standards is through sustained increases in productivity. And for a long time, our incomes did rise as productivity rose, leading to rising living standards.
But over the past quarter century, that link has been broke...
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