What's that all about, do you think?
Globalization wage convergence.
A topic, median or average wage convergence, whatever you want to call it, affecting employment in all kinds of ways in the West, the 800 pound gorilla in the room Piketty doesn't even touch.
He wants to talk about the wealth disparity of the top .1% to the rest. It is a problem, but, big picture, a red herring.
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