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In a very low-wage world, more people will opt out of work. That will inevitably strain the social-safety net; societies will be ever more clearly divided into those who work and pay for social programmes and those who live off them. Societies will face a reckoning: either they will decide that thi…

Baumol's cost disease means that the cost of many critical sectors in an economy tends to rise over time

[...] Consider 'green jobs', for example. Within that category there are occupations that are both high-productivity and scalable, such as work on production lines making wind turbines or solar panels. But, unfortunately, such work is easily automatable. [...]

University is hard. Many of these who don't currently make it through a college programme lack the cognitive ability to do so. Others could be helped through with better preparation and more attention. [...]