Average Is Over, Author: Tyler Cowen.
By Joshua Rothman – There are three main reasons inequality is here to stay, and will likely grow.
The first is just measurement of worker value. We’re doing a lot to measure what workers are contributing to businesses, and, when you do that, very often you end up paying some people less and other people more.
The second is automation—especially in terms of smart software. Today’s workplaces are often more complicated than, say, a factory for General Motors was in 1962. They require higher skills. People who have those skills are very often doing extremely well, but a lot of people don’t have them, and that increases inequality.
On the global level, inequality is down dramatically—we shouldn’t forget that. But within each country, or almost every country, inequality is up. more> http://tinyurl.com/p2p769q