When Progressive Policies Cause Creative Destruction
What if Progressive policies actually spurred innovation and increased productivity? What if, in so doing, the end result will be displacing the very constituents on which progressives most rely?
If you read The Transom avidly, as I do, you will note two trends in America on a collision course, the implications of which have not yet been deeply considered in context of American political economy.
These two trends are the increasing cost of labor broadly, through things like ballooning health-care costs and increasing minimum wages, and a shift towards automation across all sectors, in particular those in which low-skill labor is preponderant.
Read the article “When Progressive Policies Cause Creative Destruction” on thefederalist.com.