The Income Gap

I fear that the market price of labor is declining, perhaps even in absolute terms. I have never been a fan of the blue color but they always had something to offer that was broadly needed and they belonged to the economy thereby. I have no solution to offer. Minimum wage laws are counterproductive. I have no proposal to fix the problem. This describes some of Jaron Lanier’s thoughts which report a significant aspect of the problem and hints of a proposed solution. Ted Nelson also has some ideas on the problem. Some data are reported here.