Western Economic Stagnatation
Why the jobless recovery? Our scientists and technologists have not been able to create inventions that can be industrialised at the same pace as they once did.
What underpinned the great postwar boom was the industrialisation of inventions made between 1910 and 1940. The goods that poured out of the west's factories between 1950 and 1975 provided employment and rising real wages for the mass of the U.S.'s and Europe's citizens. But the "low-hanging fruit" that delivered such benefits is disappearing. Productivity advances are not being made in booming new industries; they are being made by laying people off or moving production to low-cost countries in Asia. One way or another, falling workforces in the west are producing broadly the same output. Nor is the internet a great job generator.
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The Canadian professor has an extensive collection posted on his site.
- Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
- Categories include literature, neuroscience, religion, and systems analysis.
- Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Evolution doesn't clean up after itself very well.
- An evolutionary biologist got people swapping ideas about our lingering vestigia.
- Basically, this is the stuff that served some evolutionary purpose at some point, but now is kind of, well, extra.
- Here are the six traits that inaugurated the fun.
Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
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