All around the world, labour is losing out to capital
This is going to get drastically worse, as capital becomes able to remove most human labor from the production equation using robotics in the next few decades.I've yet to see a solution to the seemingly inevitable outcome of traditional human labor dropping to nearly zero value. And or why we'd want to prevent it from happening, given the upside to robotics.The only way to stop (slow down?) the rise of robotics, is to place arbitrary restrictions on machines to hamper their value proposition. I expect politicians all over the world to begin attempting this before another decade goes by.Will we see a dramatic increase in the formation of unions as a defensive response? Most likely.