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The "jobs" economy is over. It felt good while it lasted (about 140 years), when the economic output was mostly measured in material goods, and jobs were organi
by atemerev 9y ago
The "jobs" economy is over. It felt good while it lasted (about 140 years), when the economic output was mostly measured in material goods, and jobs were organized around large factories (either belonging to corporations, like in the US or Europe or Japan, or directly to the state, like in the USSR). Now in the post-industrial world, when the material goods production is mostly saturated, still believing that jobs can provide economic sustenance is about as realistic as believing that everybody can work as a farmer and live a good life producing food.
Today in developed countries, only about 3% of population work as farmers. Soon, only about 3% of population will have jobs — the rest will have to do something else (like be employed in the sharing economy gigs). This is inevitable, and there is no way to reverse this. Government regulations can't do anything to oppose these immense natural forces, nor they will need to.
Or rather there is a way to reverse the trend and provide the need for immense material economic output: a war. A world war — because warring parties quickly lose the economic edge in a peaceful economy, and it's either everyone's in, or nobody goes. There are no unemployed at wartime.