• Enjoy the return and watch for unemployment Crunch Network

    Enjoy the return and watch for unemployment

    Those of us interested in marketplace lending have recently observed many pejorative headlines about P2P lending platforms, which mostly reported on Lending Club’s recent difficulties, but also criticized other platforms and the P2P lending model more broadly. Very few people anticipated this kind of a problem less than a year ago as investors were competing for allocations on platforms. Read More

  • Americans think most human jobs could be automated by 2065, finds Pew

    Americans think most human jobs could be automated by 2065, finds Pew

    Humans are nothing if not contrary. Technology destroying jobs is something most Americans accept will happen within their lifetimes, according to a new study by the Pew Research Center, just not to their own jobs — which most believe won’t change significantly in the next 50 years. Read More

  • What The Tech Bubble Means Outside Silicon Valley Crunch Network

    What The Tech Bubble Means Outside Silicon Valley

    It’s a place, a mindset, a nickname, a metonym, an innovation hub, a TV show and a standard against which all cradles of technology are measured. Silicon Valley prides itself on having a meta-status that defies easy categorization, but this cannot save it from the impending bubble. According to investors like Mark Cuban, Chris Sacca, Bill Gurley, Manish Goyal and Bharat Ramnani… Read More

  • Jobs, Robots, Capitalism, Inequality, And You Crunch Network

    Jobs, Robots, Capitalism, Inequality, And You

    Maybe I’m wrong. Maybe everything will be fine. Maybe the “widening gap between rich and poor” is temporary. Maybe the steady growth in the proportion of jobs that are part-time and/or low-paid will soon reverse. Or maybe the idea that all the homeless need are old laptops and a few JavaScript textbooks is not unlike the claim that new technologies automatically create new… Read More

  • Get Ready To Lose Your Job Crunch Network

    Get Ready To Lose Your Job

    “Technological revolutions happen in two main phases: the installation phase and the deployment phase,” observes Angel of the Year and new Andreessen Horowitz GP Chris Dixon, who says that the turning point between those phases for the Age of Information is…now. Meanwhile, “profits have surged as a share of national income, while wages and other labor compensation… Read More

  • America Has Hit “Peak Jobs” Crunch Network

    America Has Hit “Peak Jobs”

    “The middle class is being hollowed out,” says James Altucher. “Economists are shifting their attention toward a […] crisis in the United States: the significant increase in income inequality,” reports the New York Times. Think all those job losses over the last five years were just caused by the recession? No: “Most of the jobs will never return, and… Read More

  • What If Technology Is Destroying Jobs Faster Than It Creates Them?

    What If Technology Is Destroying Jobs Faster Than It Creates Them?

    The New Luddites are back, and they’re packing heat. The mighty Economist writes of “the disturbing thought” that “America’s current employment woes stem from a precipitous and permanent change caused by not too little technological progress, but too much … A tipping point seems to have been reached, at which AI-based automation threatens to supplant the… Read More

  • Glassdoor Puts Numbers on Our Schizophrenic Job Market

    Glassdooris reporting an Employment Confidence Survey today that shows robust and increasing confidence in the job market– never mind most of the nation remains gripped in 9% unemployment with only a little hope of things getting better. 40% of respondents expect their company’s outlook to improve in the next six months and just 17% are concerned about a possible layoff, down… Read More

  • Does anyone in tech pay attention to unemployment numbers? Hard to buy that new gizmo when you don't have a job, right?

    Writing about tech is so peculiar. On one hand we’re expected to be enthusiastic about the things we cover; no one wants to see us being negative and dismissive about every little thing. That’s no fun. On the other hand, you don’t want a bunch of ninnies bleating on about how great this year’s piece of plastic is compared to last year’s. How is that useful to anyone? Read More