The New Normal: rampant underemployment from Athens EU to Anytown US
To introduce the topic I want to begin with some info about the shrinking work force in the US:
http://www.zerohedge.com/news/2015-...ecord-936-million-participation-rate-drops-19
That headline makes a powerful statement because 1977 was the period when women began to re enter the US workforce en masse. Today's rate of workforce participation is as low as it was when households had a single breadwinner.
Another headline from the same site on the same day said that part time jobs had increased by 160K while full time jobs had decreased by 350K. Which mirrors a trend which has been going on for quite a while wherein underemployment rates are steadily rising.
Lots of people credit the declining US employment environment as the product of offshoring jobs to Asia and other developing nations. And while this is surely true the biggest loss of jobs is actually occurring because of automation and very soon Artificial Intelligence. In fact Artificial intelligence is predicted to replace a large % of service positions within 10 years. The revolution in the workforce that AI is predicted to usher in is expected to be so profound that it will change society as a whole, our lifestyles and our economies.
Here is a really informative 16 minute tutorial on the potential for AI revolution within the next decade:
https://search.yahoo.com/yhs/search?p=Artificial+intelligence,+horrifying,+TED+talk&ei=UTF-8&hspart=mozilla&hsimp=yhs-001
The result is expected to mean that virtually none of us will live traditional lives, work traditional jobs or be able to provide for ourselves via traditional means.
Which means that one way or another we need to invent a completely new social paradigm.
And I believe that the folks who squat are pioneers in that evolution and may become the inventors of the new normal. Although I think that that evolution is still in it's early stages.
I would like to discuss what that means and hear your ideas about inventing the new normal on your own terms.
To introduce the topic I want to begin with some info about the shrinking work force in the US:
Americans Not In The Labor Force Soar By 640,000 To Record 93.6 Million; Participation Rate Drops To 1977 Levels
http://www.zerohedge.com/news/2015-...ecord-936-million-participation-rate-drops-19
That headline makes a powerful statement because 1977 was the period when women began to re enter the US workforce en masse. Today's rate of workforce participation is as low as it was when households had a single breadwinner.
Another headline from the same site on the same day said that part time jobs had increased by 160K while full time jobs had decreased by 350K. Which mirrors a trend which has been going on for quite a while wherein underemployment rates are steadily rising.
Lots of people credit the declining US employment environment as the product of offshoring jobs to Asia and other developing nations. And while this is surely true the biggest loss of jobs is actually occurring because of automation and very soon Artificial Intelligence. In fact Artificial intelligence is predicted to replace a large % of service positions within 10 years. The revolution in the workforce that AI is predicted to usher in is expected to be so profound that it will change society as a whole, our lifestyles and our economies.
Here is a really informative 16 minute tutorial on the potential for AI revolution within the next decade:
https://search.yahoo.com/yhs/search?p=Artificial+intelligence,+horrifying,+TED+talk&ei=UTF-8&hspart=mozilla&hsimp=yhs-001
The result is expected to mean that virtually none of us will live traditional lives, work traditional jobs or be able to provide for ourselves via traditional means.
Which means that one way or another we need to invent a completely new social paradigm.
And I believe that the folks who squat are pioneers in that evolution and may become the inventors of the new normal. Although I think that that evolution is still in it's early stages.
I would like to discuss what that means and hear your ideas about inventing the new normal on your own terms.
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