Hey, @paulg, this is one part of what people who talk about inequality are worried about. Not what you took aim at!https://twitter.com/amcafee/status/685967835579969536 …
@timoreilly If demand is decreasing for all skills, then this sounds like general economic decline, not economic inequality.
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@timoreilly Though indeed it is hard to reconcile the idea that there is decreasing demand for all skills with the talent war we see in SV. -
@paulg@timoreilly thus I think why people refer to SV as a bubble which is insulated from the rest of the country
End of conversation
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@paulg@timoreilly It would sound like that if the economy in total dollars was declining too, but it's not.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly they are talking "oranges" as in, some made up problem of perennial low employment. In 2016, provably false.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly of course not: holders of capital will be just fineThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly indeed. market dictates need for skills.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg this was one of Piketty's points-when growth slows, inequality increases. He spent a lot of pages you found tedious explaining whyThanks. Twitter will use this to make your timeline better. UndoUndo
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