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
- Information doesn’t matter
- Question about solutions to unemployment/inflation
- The Theory of Free Banking
- Successful casino developer defends his employees whose paychecks are being “degraded” by healthcare: https://t.co/nXr3r30CWN
- With government making it much harder for entrepreneurs to succeed, Anthony Scaramucci's new book is a must read. https://t.co/hYoihbfxlV
- What are the causes of economic bubbles according to the Austrian School of Economics?
- Quantitative tightening isn’t feared because it isn’t here and hasn’t affected markets yet. http://bit.ly/2fR2y1E
- Unbelievably CNBC claims a weak jobs report vindicates the Fed's not hiking rates in Sept. despite its bluff that it would raise rates soon!
- Steve Wynn says deficit spending is “degrading” America’s standard of living. See what he says about the debates: https://t.co/nXr3r30CWN
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.