The Wealth of Humans

By Ryan Avent, of The Economist. A thoughtful look at what he terms the “surplus of labour” inherent in rising automation. What is really valuable in the economy of today: capital as traditionally understood, labour, or something he calls “social capital”, which is intrinsically rooted in the people working on an organization? And if it’s the latter, as he argues, how do those people gain more of the return from their activity? Worth the read.