The revolution says goodbye to Henry Ford?

6 Nov

There’s no doubt about it – there’s a revolution going on which is affecting politics globally (see Brexit and the rise of Trump) and the way we live and will live in the future.

This revolution has been driven by technology and the internet which is not new news. However when you read an article like this one from the head of George Soros’ economic think thank the Institute for New Economic Thinking and ex boss of the UK’s former financial watchdog the Financial Service Authority it does give one pause to think.

The world of work and jobs is changing.

The tech breakthrough companies generate huge wealth but fewer jobs.

Work has gone part time with “British economist Guy Standing argues that most of the people who work on these types of platforms are part of what he terms the “precariat” — low-paid workers with precarious job security.

lord

http://www.businessinsider.com.au/lord-adair-turner-tech-capitalism-wages-inequality-precariat-2016-11?r=US&IR=T

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