Re: New Age Slavery

Posted: Sun Nov 22, 2015 6:30 pm, #5
by seanc ... nequality/

Physicist Stephen Hawkings has made statements in a Reddit AMA warning that technological advances can leave many people behind and increase inequality. While many people benefit from technological advances in terms of better medical technology, safer cars and nearly ubiquitous cell phones the financial benefits of those advances are not distributed across society. Most of the benefits in terms of wages are concentrated within a narrow segment of the population. Better medical technology also means more expensive technology out of reach for many people.

According to links in the article the median income in the use is about the same as it was in 1995. That does not mean that wages were just stagnant over that period. It's that the increased wages of tech workers have only been able to keep the average wage level from falling and just balance out the larger number of people who have seen their wages fall as production and factory jobs moved over seas to be replaces by service sector jobs. Current trends in technology are now putting even those service sector jobs at risk. This will probably not happen over night but should be seen as a trend taking place over the next 10-20 years.