STRATSCRAPS_v99
Nobody thinks of using improvements in technology and productivity to allow people to work less and require fewer assets to achieve the same standard of living. Instead, while everybody is richer, at least in terms of stuff, no one is any wealthier. Their wealth is "safely" out of reach. If it weren't, how many would still show up for wor
... See moreJacob Lund Fisker • Early Retirement Extreme: A philosophical and practical guide to financial independence
Already a fourth of the adults actually employed in the US are paid wages lower than would lift them above the official poverty line – and so a fifth of American children live in poverty. Almost half of employed adults in this country are eligible for food stamps (most of those who are eligible don’t apply). The market in labour has broken down, al... See more
aeon.co • What if Jobs Are Not the Solution but the Problem? – James Livingston | Aeon Essays
The broader trend here is the disaggregation of work. Younger people are more distrustful of institutions and “traditional” careers—having been burned by both the Great Recession and the Covid-19 economic crisis—and are turning to freelance work.
Rex Woodbury • The Three Stages of the Future of Work
At least since the followers of Ned Ludd smashed mechanized looms in 1811, workers have worried about automation destroying jobs. Economists have reassured them that new jobs would be created even as old ones were eliminated. For over 200 years, the economists were right.