It sounds like a real phenomenon, but I have trouble imagining a scenario where it’s important.
I expect demand for human labor to decline faster than the number of people with investment income rises. That probably means declining wages for the median person, although maybe rising wages for a small number of people with unusual skills.
It sounds like a real phenomenon, but I have trouble imagining a scenario where it’s important. I expect demand for human labor to decline faster than the number of people with investment income rises. That probably means declining wages for the median person, although maybe rising wages for a small number of people with unusual skills.