Faculty News

Professor Michael Spence's comments on income inequality at Caltech's Science & Society Conference are highlighted

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Excerpt from the Los Angeles Daily News -- "Technology and globalization, particularly jobs going overseas, have created the highest gap in income equality in more than 30 years, according to a graph he presented. As artificial intelligence increases, the middle class will get pushed to one end of the spectrum, either up to top income earners, or more likely, down to its lowest, Spence said."

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