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The Surveillance Economy and Extreme Income Inequality: You Can't Have One Without the Other - YouTube
Uber and Airbnb is equal to informal economy (uncertainty) = staying power only for owner of marketplace (wealth accumulation & ultimate bargain power as owner of (monopoly/oligopoly form of marketplace). Silicon Valley made the informal economy cool again bc its on your smartpone (homescreen). Uber & Co are becoming, as owners of said marketplace, the new super elite (with no shared economic interest & no stakeholder in local economy). Disenfranchised & Price war. // The perfect, crazy, too good to be true, idea - will crash eventually (accumulating wealth with little to no input [see stakeholder theory/shared economic interest/long-term views and interest!]). // Start-up Lesson/Advice: "cost of choice" & paying computation with advertising = corruption (Google, Facebook &Co) paying (Wall Street, short-termism [Fast Food]) for micro-management of your life, of your choice. = U loosing free will. //
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june 2015 by asterisk2a
Henrik Müller über Wirtschaftswachstum 2014: Die Pessimisten sind los - SPIEGEL ONLINE
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july 2014 by asterisk2a
oftwominds-Charles Hugh Smith: The Changing Nature of Middle Class Work
The economy is changing in structural ways that affect not just the job market but the nature of work itself. If we ask, what is work?, the conventional answer is tasks that somebody will pay us to do. This is true, but it doesn't address why someone is willing to pay us. The answer is to create value. ... [ Skills, not Expertise. ] ...... As technology's ability to replace costly human labor moves from the factory floor to the service sector, the nature of middle class work is changing. [ IBM's company wide Pivot over +10 years from HW to Services and Software Company. With the accompanying downsizing. ] ... Jobs that can be learned in a few hours are prone to being replaced by machines. [...] The protected sectors beset by soaring costs (healthcare, higher education, major weaponry programs, finance, etc.) will undergo the creative destruction of technology-based productivity gains for the reason that they are already unaffordable, not just to households but to the nation.
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may 2014 by asterisk2a

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