Amazon. Costco. Walmart. All are lean, mean, cost-cutting machines. But given that their customer-level jobs don’t pay so well, and they’ve eviscerated the middle-management ranks, are they at least partly responsible for workers receiving a smaller share of the GDP?
Columnist David Brooks says the 21st century’s lack of economic growth means we are looking at a much nastier world in the coming decades, compared to what we had in the latter 20th century.