“There’s mounting evidence that the American labor market may never return to its pre-recession composition. The future is already here and it brings with it low-wage temporary or contract work as a way of life.
“According to the Economic Policy Institute, almost 30% of American workers are expected to hold low-wage jobs – defined as earnings at or below the poverty line to support a family of four – in 2020. This number will remain virtually unchanged from 2010.”
Forbes
“…all creativity comes from putting existing ideas into a mixing bowl then swirling the whole mess around to see what happens. The more ideas you are exposed to, the more likely one of your mixtures will produce something great. If you read any idea in this blog that you wouldn’t have thought on your own, your creative potential is increased. That’s a big deal because nothing of importance has ever been done without creativity. I’m motivated by the thought that I’m contributing to civilization’s creative pool.”
Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy, by Erik Brynjolfsson
“Terry Gou, the founder and chairman of the electronics manufacturer Foxconn, announced this year a plan to purchase 1 million robots over the next three years to replace much of his workforce. The robots will mke over routine jobs like spraying paint, welding, and basic assembly. Foxconn currently has 10,000 robots, with 300,000 expected to be in place by next year.”
“If technology exists for a single seller to cheaply replicate his or her services, then the top-quality provider can capture most—or all—of the market. The next-best provider might be almost as good yet get only a tiny fraction of the revenue.”
“…the top 0.01% of households in the United States—that is, the 14,588 families with income above $11,477,000 — saw their share of national income double from 3% to 6% between 1995 and 2007.”
“About 90% of Americans worked in agriculture in 1800; by 1900 it was 41%, and by 2000 it was just 2%.”
In the last couple of days I’ve watched three or four news documentaries produced by Vice. The one below is titled “The Business of War: SOFEX”
If you invest the 20 minutes to watch this you might conclude — as I did — the world is fucked. Not a little bit fucked. Not “It’s okay, I think we can un-fuck this.” We are Ving-Rhames-Pulp-Fiction fucked.
This documentary explains SO much of what is happening in the world. As you watch it, try to imagine Anderson Cooper or Brian Williams (and the corporations they work for) doing this kind of reporting.
As I watched these reports, I kept contrasting them to the network news formats of the past 20+ years. Half-hour summaries with forest fires and floods at the top, followed by fluffy pretend news at the bottom. With lots and lots of commercials mixed in.
In all fairness, you can sort of imagine a piece like the one below on 60 Minutes but only after the teeth have been extracted.
I spotted the link to this documentary in my Twitter stream. I can play these on my iPhone, any time, anywhere. Or, using AirPlay to stream them to my big screen, watch them at home via Apple TV.
I can only assume the gasping, lumbering news organzations of yore know they are irrelevant but just don’t know what to do about it.
There is nothing on CNN or Fox or XYZ for which I’d pay cash money. But yeah, I’d pay for reporting this good.
I’ve shared most of this audio here previously now have most of it on YouTube and the player makes it a little easier listen. There’s a small icon at the top-right of the player below that brings up all 14 clips in the playlist. It’s right next to the “settings” gear icon, after you start playing.