A Review of
The Wealth of Humans: Work, Power, and Status in the Twenty-first Century
(Author: Ryan Avent)
Economist writer Ryan Avent’s thesis is that the world has a glut of labor that will only get worse forever—due to advancing technology and automation—and that the main solution is politically-difficult redistribution. Among other things, he discusses the potential remedies of trying to increase global demand (questionable feasibility) and of breaking down barriers to immigration.
It would be great if ordinary Americans could digest and debate his economic analysis; unfortunately, Avent’s discourse is rather too advanced. Yet the topic of course has politically urgency. We see many voters who have resonated to economically-futile proposals to tax imports and to “bring back manufacturing jobs.”