Ask CEOs about income inequality and stagnant wages, and you’ll inevitably hear about skills. The argument goes like this: Workers today face global competition and even the threat of automation. Those who can work with technology and possess sought-after skills in fields like computer programming are thriving in the labor market. Those without a college degree or specialized skills are struggling.
Understanding the Debate Over Inequality, Skills, and the Rise of the 1%
Occam’s razor doesn’t apply.
December 21, 2015