Ray Dalio

And so now it's different.

And so now it's different.

So we know where we are.

So we know where we are.

So we know where we are.

The change was in a combination of the system working well for the majority of the people and which has to do with the majority of the people not being productive. You have productivity equals income. Right. Okay.

The change was in a combination of the system working well for the majority of the people and which has to do with the majority of the people not being productive. You have productivity equals income. Right. Okay.

The change was in a combination of the system working well for the majority of the people and which has to do with the majority of the people not being productive. You have productivity equals income. Right. Okay.

So now if you take education and you take measures of how productive or how well trained you're going to be, you see, and therefore also income, your productivity, you see by all of these measures, great, great gaps that exist. So by way of example is unicorns and the changes that we're seeing, fabulous changes in what we're seeing in technologies. Yes.

So now if you take education and you take measures of how productive or how well trained you're going to be, you see, and therefore also income, your productivity, you see by all of these measures, great, great gaps that exist. So by way of example is unicorns and the changes that we're seeing, fabulous changes in what we're seeing in technologies. Yes.

So now if you take education and you take measures of how productive or how well trained you're going to be, you see, and therefore also income, your productivity, you see by all of these measures, great, great gaps that exist. So by way of example is unicorns and the changes that we're seeing, fabulous changes in what we're seeing in technologies. Yes.

But it really comes down to if you take the number of people who have been making those changes and having unicorns in this wonderful world, they go to the best universities and they make these wonderful things happen. That's about three million people in a country of a little over 330 million people. And if you take the average, 60 percent of Americans have below a sixth grade reading level.

But it really comes down to if you take the number of people who have been making those changes and having unicorns in this wonderful world, they go to the best universities and they make these wonderful things happen. That's about three million people in a country of a little over 330 million people. And if you take the average, 60 percent of Americans have below a sixth grade reading level.

But it really comes down to if you take the number of people who have been making those changes and having unicorns in this wonderful world, they go to the best universities and they make these wonderful things happen. That's about three million people in a country of a little over 330 million people. And if you take the average, 60 percent of Americans have below a sixth grade reading level.

16% of Americans. So when we deal with education, you have to make that population productive. And through productivity, they become educated and they become productive. They earn money and you have a better society. So a number of things changed that. It was the combination of globalization and technology, right?

16% of Americans. So when we deal with education, you have to make that population productive. And through productivity, they become educated and they become productive. They earn money and you have a better society. So a number of things changed that. It was the combination of globalization and technology, right?

16% of Americans. So when we deal with education, you have to make that population productive. And through productivity, they become educated and they become productive. They earn money and you have a better society. So a number of things changed that. It was the combination of globalization and technology, right?

Think about, I remember, and you probably remember, what the middle class working on an assembly line at an auto plant was like and how manufacturing occurred. Yes. Okay. A combination of foreign producers and automation changed all that. Of course. So that produces a larger wealth gap. And then with that wealth gap, we also have very large values gaps.

Think about, I remember, and you probably remember, what the middle class working on an assembly line at an auto plant was like and how manufacturing occurred. Yes. Okay. A combination of foreign producers and automation changed all that. Of course. So that produces a larger wealth gap. And then with that wealth gap, we also have very large values gaps.

Think about, I remember, and you probably remember, what the middle class working on an assembly line at an auto plant was like and how manufacturing occurred. Yes. Okay. A combination of foreign producers and automation changed all that. Of course. So that produces a larger wealth gap. And then with that wealth gap, we also have very large values gaps.