Employment rates aren't the issue IMO, wealth concentration is. And that's increasing.
It's important because wealth is essentially power, so concentration of wealth inevitably changes the balance of power in society. And that in turn creates a feedback loop where the wealth and powerful can undermine thelaws and regulations intended to keep the distribution of wealth and power from becoming too lopsided.
This is why I view the current everything-as-a-service model that takes things people used to own and turns them into things people rent pretty skeptically.
Do you think the centralization of power in the federal government is a problem? Do you think famous people are a problem? Or is it only wealth that's a problem?
It's important because wealth is essentially power, so concentration of wealth inevitably changes the balance of power in society. And that in turn creates a feedback loop where the wealth and powerful can undermine thelaws and regulations intended to keep the distribution of wealth and power from becoming too lopsided.
This is why I view the current everything-as-a-service model that takes things people used to own and turns them into things people rent pretty skeptically.