Never mind the 1 percent: Let's talk about the 0.01 percent (2017)
<i>If this is true, the 0.01 percent are most likely benefiting from what economists call “skill-biased technological change”—the increasing return on certain skills in an economy driven by technology and globalization. Under this well-established theory, a shortage of in-demand skills raises the value of those skills in rapidly expanding markets, and new technology helps some workers’ productivity grow much more than others’, exacerbating inequality. </i><p>a net worth of $300+ million dollars is more than skills. I think skill is a necessary but insufficient condition.