“The inflation-adjusted earnings of highly educated Americans have gone nowhere since the late 1990s. So what is really going on ? Corporate profits have soared as a share of US national income, but there is no sign of a rise in the rate of return on investment. How is that possible ? Well, it’s what you would expect if rising profits reflect #monopoly power rather than returns to capital”
▻http://www.nytimes.com/2015/02/23/opinion/paul-krugman-knowledge-isnt-power.html #rent_seeking #education #inequality