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Value of Expertise in Income Distribution
Economic forces fluctuate, requiring policies to adapt accordingly. Expert work is inherently valuable, scarce, and necessary, ensuring high compensation. Dependence on machines for work necessitate equitable distribution from machine owners. The focus on expertise is optimistic for sharing benefits but skepticism exists regarding people's willingness to share evenly globally. Enhancing human expertise through technology aids in income distribution favorably, contrasting with productivity that tends to benefit capital ownership.