In this episode I am exploring the divergence between productivity and wages in western economies since 1970. This was covered in one of my first podcasts and is a striking failure of society that has derailed post-war successes and led to the current situation of inequity and unrest. It puts us in the strange position that robotics and AI are going to make the vast majority of the world poorer and further behind.
Dean Baker is the co-founder and a senior economist at the Center for Economic and Policy Research. He has written numerous books and articles. His most recent book is Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer.
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