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Causes of rising income inequality, makers of a New America

While the news media fills the air with flotsam and jetsam, powerful forces reshape America. Chief among them is rising income inequality. Like so much happening to us, it results from rational policies skillfully executed by our rulers for their benefit, not ours.

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Automation robot

The new industrial revolution has begun. Research shows more robots = fewer jobs.

Summary: Here is a milestone economics paper, showing that the new wave of automation is already a net destroyer of jobs. The next industrial revolution has begun, and the effects will accelerate from here. We have to start thinking about ways to divide the new wealth it produces — and handle the massive unemployment. “On …

The new industrial revolution has begun. Research shows more robots = fewer jobs. Read More »

Unequal representation caused problems for Britain in 1776, & will for us soon

Summary: Conservatives belittle concerns about America’s increasingly unrepresentative government. Citizens in these big states have 29% the voting weight of small states in the Federal government (even slaves were weighted at 60%). Citizens in cities have less representation than those in rural areas (just as in Britain’s 18th century rotten boroughs). Unequal political representation has caused serious …

Unequal representation caused problems for Britain in 1776, & will for us soon Read More »

Warning: the income gap between races is widening in America

Summary: We begin the Trump years with generations of progress unraveling in the healing of America’s racial divide, with the likelihood of further deterioration quite high. We should understand what’s happening to better prepare for what’s next. A new study looks at the causes of the widening income gap between black and white Americans. It …

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