The Great Stagnation has come with increasing wealth and income disparity.
This is to say: A smaller and smaller number of people are increasingly free to spend an increasing fraction of humanity’s productive capacity on the projects they choose. Meanwhile, a vastly larger number of people are increasingly restricted to spend more of their personal productive capacity on projects they would not choose (i.e. increasing labor hours), and in exchange receive less and less control of humanity’s productive capacity (i.e. diminishing real wages) to spend on projects that they do choose.
How does this affect the situation with respect to FAI?
The Great Stagnation has come with increasing wealth and income disparity.
This is to say: A smaller and smaller number of people are increasingly free to spend an increasing fraction of humanity’s productive capacity on the projects they choose. Meanwhile, a vastly larger number of people are increasingly restricted to spend more of their personal productive capacity on projects they would not choose (i.e. increasing labor hours), and in exchange receive less and less control of humanity’s productive capacity (i.e. diminishing real wages) to spend on projects that they do choose.
How does this affect the situation with respect to FAI?