"Technological revolutions happen in two main phases: the installation phase and the deployment phase," observes Angel of the Year and new Andreessen Horowitz GP Chris Dixon, who says that the turning point between those phases for the Age of Information is...now. Meanwhile, "profits have surged as a share of national income, while wages and other labor compensation are down," notes Paul Krugman. Walter Russell Mead agrees: "The old industrial middle class...has been hollowed out, and no comparable source of stable high income employment has emerged." Recent data supports that: "Incomes rose more than 11 percent for the top 1 percent of earners during the economic recovery, but barely at all for everybody else ... Median household income is about 9 percent lower than it was in 1999."Source: http://feedproxy.google.com/~r/Techcrunch/~3/jXWiArkq6Ls/
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