Brooks: Inequality: Power vs Education

The redistributionists seem to believe that modern capitalism is fundamentally broken. That growth has permanently stagnated. That productivity should no longer be the focus because it doesn’t lead to shared prosperity.

But their view is biased by temporary evidence from the recession. Right now, jobs are being created, wages are showing signs of life. Those who get more skills earn more money. Today’s economy has challenges, but the traditional rules still apply. Increasing worker productivity is the key. Increasing incentives to risk and invest is essential. Shifting people into low-productivity government jobs is not the answer.