Sometimes, it’s obvious from the get-go that a moment in tech history is . . . well, historic. Other times, it’s clear only in the fullness of time. Yet another type of historic moment flies largely under the radar, shaping our lives more than most people ever realize.
With the world adjusting to post-pandemic life, everyone’s talking about the “new normal.” But what does that mean when it comes to how we work?
Robert Reich, the U.S. Secretary of Labor under Bill Clinton, tweeted Tuesday: “Capitalism is off the rails.” That was in reaction to a new report from the Economic Policy Institute (EPI), which found that the average CEO compensation in 2019 at one of America’s top 350 firms was $21.3 million, up by 14% from the year prior—and up 1,167% from 1978. A typical worker at one of these top companies now earns $67,000 per year.
The past several months have served up many reasons to see Facebook as the antisocial network.
It lets political candidates lie in paid ads that they can then microtarget to the easily duped. It tolerates fake pages until outside watchdogs call them out. And it’s chosen—in contrast to Twitter—to look past President Trump lying about mail-in ballots or endorsing extrajudicial executions by U.S. troops in U.S. streets.