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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.

Kenneth Rogoff

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Kenneth Rogoff
Age: 71
Born: 1953
Born: March 22
Chess Player
Economist
Professor
University Teacher
Rochester
New York
Kenneth Saul Rogoff
Ends
Ahead
Capitalists
Past
Quickly
Richer
Country
Countries
Factor
Years
Labor
Capitalist
Aren
Decline
Rich
Wealthy
Getting
Lower
Moving
Factors
Noticeable

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Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves.
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I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.
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The Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.
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The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.
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