Don’t Blame Robots For The Rise In Inequality

Since the Great Recession ended in 2009, the recovery in jobs has lagged behind that of Corporate America.Corporate profits and business purchases of equipment and software returned to or near records within a year, yet unemployment remained stubbornly high – even though hiring usually tracks spending. Even today, with joblessness at 5.7%, the labor force participation rate has declined to 63% from 67% before the recession, signaling many adults have simply quit looking for work. And in many parts of the US, unemployment remains elevated. read more

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