by Charles Hugh Smith
Of Two Minds
Technology and the Web are destroying far more jobs than they create. We will need to develop a “Third Way” based on community rather than the Market or the State to adapt to this reality.
What better day to ponder the future of work than Labor Day? Long-time correspondent Robert Z. recently shared an essay on just this topic entitled Understanding the ‘New’ Economy.
The underlying political and financial assumption of the Status Quo is that technology will ultimately create more jobs than it destroys. Bob’s insightful essay disputes that assumption: