In the short term, we have already been hit by this transformation. Here’s the startling news: In the United States, half of the 7.5 million jobs lost during the Great Recession of 2008-10 were paid middle-class wages, ranging from $37,000 to $68,000. But only 2 percent of the 3.4 million jobs gained since the recession are in the mid-pay category.
Much of the article talks about how technology is making jobs obsolete. It is good that people don't have to work as much, but there needs to be a new way of allowing people to live decent lives. Right now while we are under the dictatorship of the dollar, a significant number of people are suffering in poverty.