link: http://bit.ly/1h5p6Kk
Hot And Trending...
Trending
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- My CNBC Asia interview last night: Whole World Has Been Fooled by the Fed’s Con @SchiffGold http://t.co/YcOF0AiN2O
- CEO who raised price of drug by 5000%
- Success At Business Does Not Imply Knowledge of Economics
- The new Federal Reserve chairman said he sees little risk of recession and reaffirmed plans to continue tightening the money supply through interest rate increases and quantitative tightening. http://bit.ly/2t0uYjn
- My latest Newsmax interview: Stock Market 'Very Dangerous' Right Now Due to Fed Antics @SchiffGold https://t.co/Naal2dbZYR
- This new video blog goes out to Scott Nations – It's 2006 All Over Again @SchiffGold http://t.co/ikz3TItPOz
- Peter Schiff, now in 60FPS!
- Anyone dumb enough not to use every legal deduction to minimize his income tax liability is not smart enough to be president!
- Welcome to Obama’s Grand Jobs Recovery: Part-Time Work for Everyone! https://t.co/q5B2MJxscg @SchiffGold
Sunday, August 23, 2015
What if the Luddite fallacy isn't a fallacy forever?
Personally I'm not fond of the neoluddite freak out going on right now, but I do think there is a little truth to it. It's pretty logical that we have been working toward a low-effort high yield economy. So it only makes sense that underemployment is becoming a trend. I personally believe the emerging gig/sharing/freelance economy is a natural market reaction. But the problem is that in the long term these jobs will become more and more subjective, to the point where a human presence would be pure novelty. Not to say we're anywhere near the point of a novelty economy, but it's definitely worth planning ahead of. I'm asking here because the only thing I ever hear as a solution is UBIG, reverse income tax and citizens dividend. Some even say that we'll naturally abandon money all together. Not to say I would reject money for nothing, but when all is said and done it may be too much to ask and abolishing money would take a catastrophic transition.