There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.
Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide. - Kenneth Rogoff
Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.
- Kenneth Rogoff
I tell my children that a man like Bill Gates has a personal fortune of $100 billion. They can't even comprehend that. Then I explain that he has mor… - Kenneth Rogoff
I tell my children that a man like Bill Gates has a personal fortune of $100 billion. They can't even comprehend that. Then I explain that he has mor…
Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves. - Kenneth Rogoff
Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves.
People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society. - Kenneth Rogoff
People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.
Unbridled capitalism will lead to some very real problems. - Kenneth Rogoff
Unbridled capitalism will lead to some very real problems.
Worrying about inflation now is like worrying about the measles when you might get the plague. - Kenneth Rogoff
Worrying about inflation now is like worrying about the measles when you might get the plague.
We all use cash in our everyday life, but we don't use hundred-dollar bills. We're not using 500-euro notes. And yet these account for mountains of c… - Kenneth Rogoff
We all use cash in our everyday life, but we don't use hundred-dollar bills. We're not using 500-euro notes. And yet these account for mountains of c…
Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills. - Kenneth Rogoff
Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills.
I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime. - Kenneth Rogoff
I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.
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