Workers Are Simply Not Needed In The Alstrynomic Digital Age.....
London - Major record label EMI is planning "radical cost cuts, including a further reduction in its 3,500-strong workforce," in a bid to make the company more attractive to investors, the Telegraph reported.
In the Digital Age.....as we morph more and more of our activities online, the need for people will become less and less.
Less and less manufacturing.....less and less real estate.........less and less transportation......less and less lawyers, doctors, accountants, sales people and other professionals as current business models go through convulsive change and many go away completely.
What we dreamed about in the Dot.Com days is being implemented today as band width and technology have caught up to functionality.
We see the displacement everywhere....since Alstry started blogging America's workforce has contracted by tens of millions....especially if you factor independent contractors no longer working. Electricity demand is contracting at a rate not seen since The Great Depression and revenues accross many industries continue to evaporate despite governments heroic attempts to continue to consume with a massive and unsustainable deficit.
The problem is our current health care system, government structure and real estate infactructure depends on massive numbers of workers paying massive amounts of taxes and consuming massive amounts of space and goods in order to function....
It is simply impossible to continue on this path as the ability to extend credit is shrinking.
We are seeing the effects everywhere.....Hospitals running out of money....cities, counties and states running out of money.....foreclosures and delinquencies skyrocketing......businesses shutting down, and the negative trends are now accelerating with more and more layoffs announced daily.
It is not the end of the world....Simply the beginning of the Alstrynomic Digital Age where knowledge is power and real estate is practically worthless.