Neolib epiphany?
by digby
We may need an increase in the income tax credit, not only for those who receive it at the present time but perhaps much further up the income scale. Measures that facilitate collective bargaining can result in a broader participation in the benefits of productivity and growth […] If we have ever rapid technological development and it is labor displacing, at some point in the future — as i say, that may be some distant point in the future — should that lead to some basic change in our lifestyles with less work, more lecture and a richer, more robust use of that leisure? […] In addition to everything that needs to be done to enhance growth, tighten labor markets and to improve the position of middle and lower income workers, should there be increased redistribution to accomplish the broad objectives of our society?
Mike Konczal has the rundown of a recent Hamilton Project panel in which it appears that the likes of Summers and Rubin took the robots and sheepskin crowd downtown. If it signals a change in the Clinton-style approach to economics, it’s all good.
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