> a great spoil of the wealth goes to people of higher intelligence.
I think you mistyped "people born into greater wealth and connections, whose outcomes can be amplified through better education".
I think you mistyped "people born into greater wealth and connections, whose outcomes can be amplified through better education".
Yes higher starting wealth helps but these days you can't get one of these higher paying jobs E.g most people here without higher intelligence. This is by far the majority benefiting from automation and speeding its adoption not those who inherited their wealth
Can you elaborate ?
The "majority" doesn't benefit from automation, they're thrown into more and more meaningless jobs at the bottom of the ladder while the people working on automation and the companies implementing automation are thriving. Wealth inequalities being at an all time high would agree with that
> Meanwhile, real family income for families in the middle was flat. Just about all of the benefits of economic growth from 1970-2010 went to people in the upper half of the income distribution.
https://alexandbooks.com/archive/coming-apart-by-charles-mur...