Tags
21st century capitalist serfdom, a two tier labor force, AI promises to exacerbate the problems, AI will mean 30% of the occupations will either be eliminated or significantly reduced, capitalist restructuring, Jack Rasmus, longer total hours worked, lower aggregate pay, mass protests and demonstrations, precarious employment, the sharing economy, workers growing desperate over their working conditions
Introduction
The Wall St. Journal page one article of November 18, 2019 broadcast: “Europe’s New Jobs Stoke Discontent”.
It asked: ‘why are workers so angry’, when millions more jobs have been created since Europe’s last recessions (2008-09 and 2011-13), when millions more job openings remain, and when minimum wages have been raised in most countries’?
The article then goes on to try to answer some of these questions. It suggested one problem is that the vast majority of new jobs created in Europe have been contingent (i.e. temp, part time, independent contractor, etc.). That has meant, in turn, lower aggregate pay and a lack of insurance, disability, pension (deferred wage) benefits. It also has meant less job security and longer total hours worked and more costs to workers trying to cobble together multiple part time jobs. Europe has developed a two tier labor force, of those that ‘have somewhat’ and…
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