A Rising Tide Lifts Yachts and Rowboats

The Financial Times recently interviewed Daron Acemoglu: The research shows that major technological disruption — such as the Industrial Revolution — can flatten wages for an entire class of working people. It also points to the distributional conflict and power dynamics inherent in it. “Yes, you got progress,” Acemoglu says, “but you also had costs … Continue reading A Rising Tide Lifts Yachts and Rowboats