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The bar for "low-skilled" is rising not only due to globalization but automation. In a way, this seems correct -- in a growing economy you shouldn't really be a
by 40acres 8y ago
The bar for "low-skilled" is rising not only due to globalization but automation. In a way, this seems correct -- in a growing economy you shouldn't really be able to carve out a middle class lifestyle pushing a lever for 50+ years.
If the economy is growing and innovation is taking it's course the low hanging fruit will eventually be clipped, the "gig" economy actually has the trend right in terms of the next "middle class" job for "low skilled" workers being involved with augmenting data driven services and services in general.
The place where the gig economy falls short is of course regarding stability and benefits, I don't know if it's the governments place to step in here or a new model is required from these human augmented data services, but we're only at the beginning of the economy being fundamentally transformed by data.. and there are still many areas where automation and AI is not good enough.. perhaps this is where the low skilled middle class earns its next income.
- downrightmike 8y agoAll this happened before. 1920's people were competing for fewer and fewer temp jobs. We call them gigs, but this is just part of the crash. Hopefully it won't be as bad and we won't need a world war to come out of it.