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Inequality risks bringing disaster
News, Robert Shiller, Published on 30/08/2016
ยป Economic inequality is a concern, but it could become a nightmare in the decades ahead, and I fear that we are not well equipped to deal with it.Truly extreme gaps in income and wealth could arise from many causes. Consider just a few: innovations in robotics and artificial intelligence, which are already making many jobs uncompetitive, could lead us into a world in which basic work with decent pay becomes impossible to find. An environmental disaster like global warming, pollution or disease could sharply reduce the ability of people of ordinary means to live in specific regions or entire countries.
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