Technology

Short review directly from this source for those, who don't want to read the whole article:

The Core Problem, Simply Stated

Technology is making distribution dramatically more efficient.

But efficiency gains are being captured by whoever controls the bottleneck — the platform, the marketplace, the search engine — rather than distributed to the workers who enable production or the consumers who fund it.

Without wages, workers can’t consume. Without consumption, capital has nowhere productive to go. So it piles up in buybacks and data centers. GDP growth slows. And we wonder why a world of genuine technological marvels feels economically stagnant for most people.

That’s the paradox.

As AI accelerates the substitution of capital for labor, the dynamics described here are likely to intensify rather than resolve. The question isn’t whether the technology works — it clearly does. The question is whether the institutions and incentive structures around it will evolve fast enough to distribute what it creates.

That’s the harder problem. And it’s not a technology problem at all.