Show Notes
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#laborglut #socialcapital #automationandwages #urbanhousingexclusion #hyperglobalizationandsecularstagnation #TheWealthofHumans
The Wealth of Humans: Work, Power, and Status in the Twenty-first Century is a 2016 nonfiction book by economist and journalist Ryan Avent that examines how digital technology is reshaping work, wages, and social power. Rather than treating automation as a narrow story about robots replacing routine jobs, Avent places it in a broader historical and political frame. He argues that the modern economy is undergoing a transformation comparable in scale to the Industrial Revolution, with major consequences for labor markets, inequality, urban development, and the social contract. The book is aimed at readers who want to understand why productivity gains have not translated into broad-based prosperity and why advanced economies continue to struggle with weak wage growth and labor displacement. Drawing on history, economics, and international examples, Avent focuses on the relationship between technological progress and human bargaining power, especially the idea that social capital and access to opportunity increasingly determine who benefits from growth.