Middle class wage pressure over the last 40 years stems much more from globalization than from technology, which has been ongoing for 200 years, making technology an inappropriate scapegoat for wage stagnation
causalpending
Speaker
Peter ThielEvidence Quote
“Pressure on middle class wages over 40 years coincides much more closely with globalization than technology, which has been ongoing for 200 years. People blame too much on technology. The real problem is competition with low-wage workers in India and China”
Created: 8/13/2026, 9:55:39 AM
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