Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.
Kenneth RogoffUnbridled capitalism in the United States can't be sustained socially. It leads to tensions.
Kenneth RogoffThe assertion that everyone benefits simultaneously from free trade is simply incorrect.
Kenneth RogoffThe Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.
Kenneth Rogoff