Thursday, 12 September 2013
Are we witnessing the slow death of the middle classes?
In the last century we had the death of blue collar jobs, today we are witnessing the slow death of middle class ones. Technology is downgrading these and in only a few years from now professions like - teaching, law and even medicine are all under threat. High end jobs in banking, specialists in law and niche medical treatments will need person to person skills, but many that are routine will go. How will this all impact on the social and political world? Politicians and policy makers are always behind the curve and playing catch-up. However unless they address this 'hot potato' there will be trouble ahead. Professor Tyler Cowan of George Mason University in the US is addressing the subject. He thinks there will be a massive increase in 'lower middle class jobs', but the important issue is whether workers and professions adapt and embrace this new machine world of high technology. Another important factor is how much companies invest in innovation, research and development? There will no room for Luddites in the 21st century. Rohan Silva a former advisor to David Cameron agrees with this point of view. Ed Miliband perceives it as the "squeezed middle" but underestimates the rapid changes that are happening. The Dodo should be a wake-up call for all of us.
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