The recession was a leading reason for the abrupt end to income development, but other longer-run components additionally contributed, together with a decline in the share of national revenue that is paid to employees, the so-referred to as wage share. This has fallen throughout superior economies regardless of rising productiveness, suggesting a decoupling between productivity and incomes. The world of labor is in a state of flux, which is inflicting considerable anxiousness—and with good cause. There is growing polarization of labor-market alternatives between high- and low-skill jobs, unemployment and underemployment especially amongst younger people, stagnating incomes for a big proportion of households, and earnings inequality.

Blockchain technology, and the usage of cryptocurrencies enabled by it, is currently touted as a possible counterweight to centralized energy. But blockchain technology is still within the embryonic stage, and we don’t yet know whether it’ll indeed counterbalance the centralizing tendencies of AI. Remember that …

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