America needs to realize that instead of creating jobs, Silicon Valley is erasing them, leaving millennials financially stranded before their careers can get off the ground.
college grads age 22 to 27 are stuck in low-paying jobs that don't even require a college degree. The percentage of young people languishing in low-skill, low-paying jobs is 44%, a 20-year high.
Only 36% of college grads have jobs that pay at least $45,000, a sharp decline from the 1990s
Perhaps most depressingly, the percentage of young people making below $25,000 has topped 20%, worse than in 1990
those with a bachelor's diploma were better off before the digital revolution.
The digital economy is vaporizing the good jobs and replacing them with two kinds of jobs: minimum wage jobs (think Amazon warehouse employees) and so-called "sharing-economy jobs" (think Uber drivers).
The sharing-economy jobs are even worse than minimum wage jobs because they offer no stability or protections for workers. Sharing economy jobs aren't really jobs at all; they're freelance gigs.
something is wrong with the picture of a handful of tech billionaires overseeing a kingdom of falling wages, decreased worker protection and zero job security.
if you think your own job is safe, think again. New research predicts that nearly half of all jobs are susceptible to automation over the next two decades. This is a giant leap backward, but it's deceptively described as technological "progress." As anyone who's talked to an automated system on the phone lately can attest, "automated" usually means "worse."
we're headed toward a kind of digital world feudalism where there are a handful of kings, a lot of peasants and no middle class.