
Originally Posted by
Mindgames
It's the second 'industrial' revolution - when Coalbrookdale started huffing out wrought iron it's estimated they made 90% of the UK population poorer, and created the first millionaires. Rural family-centric life gave way to factories, cities, even the idea of 'a day job'. It's done the world nery-nicely-thankyou until the 50's, when the service sector started to grow in dominance - but before IT services were always an overhead for manufacturing. Owning a bank was pointless unless people made things and sold them first. With the information revolution (that really began in the 80's, not the 90's) you can make information a standalone business, and of course that's going to change the workplace demographics.
When cotton mills first introduced power looms, men (who historically wove cloth at home) were all made redundant, and thousands died of starvation. The work completely reversed, as the mills preferred women (small hands), so men stayed at home and looked after the kids, or spun wool. You can say it was unfair on them, but it was progress and the change had to happen. The same is happening now - people working at a desk don't need to be physically fit, just smart. Far higher percentages of women are the primary earners for a family than ever before, far more 'old' people are able to stay in work, but sure - if it takes 30 guys to make a car but only one woman to make the same profit from IT, 29 people are losing out. Overall society is wealthier today than ever before, but less are working than 100 years ago. It's not a good change or a bad change, it's just a change.
It'll take decades to play out though - the First-World countries push their heavy industry and low-pay jobs to other countries, and for a while make their way in service by supervising, designing and trading the stuff. It doesn't take long for the 'other country' to catch up and start offering the service sector for lower costs, while they push the low-end further down the geographic tree. You end up with three guys in Manhattan watching a head office in Shanghai supervise a factory in the Ukraine, but after a while the pyramid falls over - when all the unemployed factory workers in New York compete for their old jobs back. Generations in the future we'll probably all be earning the same salary from DC to Mumbai, but until then everyone's riding someone else's wave.
mG
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