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Slow wage growth and rising inequality gives nasty Future Shock Add to ...

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The New Yorker has reignited a debate on issues that are as economically vital as they are seemingly intractable: slow wage growth and rising inequality. While discussion continues, the 1980s meme of obsolete workers paid handsomely with government funds to sit at home (popularized by Alvin Toffler’s much-derided Future Shock ) while maintaining aggregate consumer spending levels – is becoming more of a reality by the day.

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