January 31, 2015
NO ONE'S KIDS HAVE IT HARDER THAN THEY DO:
Everyone is scared: Nobel Prize winner Shiller (CNBC , January 28, 2015)
In London after a trip to the World Economic Forum, he said that the Davos event had helped him understand that there is not just pessimism about the global economy, but worry."There's this increasing fear of technology, information technology, artificial intelligence, robotics, 3-D printers, the internet and all these different forms," he said. Technology, he added "seems to be changing life in such a fundamental way and what it's leaving people thinking is 'where will I be in 30 years? Look how fast everything is changing now. Where will my children be? I want to leave something for them because they could be in terrible straits'."
Yeah, why wouldn't you be scared that subsequent generations will have more wealth with less labor?
Posted by Orrin Judd at January 31, 2015 10:40 AM
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