Re:At Davos, IBM Chief Predicts Artificial Intelligence Won’...
by cutler on Tuesday January 17, 2017 @08:38PM
(#13423304)
I don't hear much discussion of real income in this thread. The working class in the UK and USA are being impoverished from 2 directions at once - plummeting real income and escalating property prices/rents. I'd like to see some data which factors in all of these variables.
Wage stagnation is a real problem. It's a kind of vectorized unemployment where everyone in the middle class on down is partially unemployed through a combination of more part time work rather than full time, and stagnant wages. The broadness of the problem makes it seem like we have good employment numbers, but wage stagnation is a big problem, especially in contrast to the rise in cost of living, in particular housing.