<div dir="ltr">I just found an August 2013 New York Times article entitled<br><br>How Technology Wrecks the Middle Class<br><br><a href="http://nyti.ms/1aEjj5X" target="_blank">http://nyti.ms/1aEjj5X</a><div><br></div><div>
I believe that incomes almost always follow a power curve, with a few people making a lot of money, and a lot of people making a little bit of money. The best one can hope for is that the curve isn't too "corner hugging" and that there is a robust middle class. That seems like pretty simple economics to me.<br>
</div><div><br></div><div>The question that this article brings up is whether technological progress itself dooms the middle class to types of jobs that are either highly creative and highly profitable, or to types of jobs that are service oriented, and low paying.</div>
<div><br></div><div>I am curious if you agree or disagree with the premise of the article, if so why, and whether other forces might be at play beyond technological improvements that make "the rich richer, the poor poorer", which is another way of saying that the curve above is too "corner hugging".</div>
<div><br></div><div>-Kelly</div><div><br></div></div>