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@counterchekist @kelsmithtx @DDennison45 @MuellerSheWrote You could be right! But this is just one of multiple sets of competing and overlapping explanations that actual economists have proposed. Your favored answer is superficially plausible, but the question is whether the automation of the 90’s and 2000’s is substantively new...
@counterchekist @kelsmithtx @DDennison45 @MuellerSheWrote ...and it’s not clear that it is. Automation is not a new thing. One plausible alternative explanation appeals to changes in market power between workers and management, which was exogenously driven by politics, especially anti-union legislation and court decisions.
@counterchekist @kelsmithtx @DDennison45 @MuellerSheWrote What you’re doing is repeating conventional wisdom of the centre-right on the causes of the stagnation, and while that’s fine, I think it’s worth pointing out that it is far from self-evident or established fact.
