Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

In addition to precarity, surplus populations and technological automation help to make sense of a recent labour market phenomenon: the emergence of ‘jobless recoveries’, in which economic growth returns after a crisis but job growth remains anaemic. [...] While their cause is ultimately still a mystery, jobless recoveries appear to be closely related to automation. In fact, the only occupations that have experienced jobless recoveries are those that have been under threat from automation in recent decades – semi-skilled, routine jobs. Moreover, these job losses have occurred almost entirely during and in the wake of recessions. In other words, crisis periods are when automatable jobs disappear, never to be heard from again. If automation accelerates over the coming decades, these problems are likely to intensify – with capital using periods of crisis to permanently eliminate such jobs. [...] These extended periods of unemployment suggest that a structural problem is responsible – that is to say, a problem that takes longer for unemployed workers to adapt to, such as retraining for an entirely new skill set. Workers laid off from an area like retail will find it difficult to immediately step into a job in growth sectors like programming. Meanwhile, when the long-term unemployed do find a job, they are more likely to enter at the margins of the labour market, with lower pay and more temporary work.85 Jobless recoveries, in other words, exacerbate the problems of precarity, and increasingly segregate out a portion of the population as permanently underemployed.

—p.95 The Future Isn’t Working (85) by Alex Williams, Nick Srnicek 6 years, 8 months ago