Job growth expected to slow sharply over the next decade, Labor Department says

[bucolic_frolic]

4. Producing value is information and knowledge driven

Time was only big capitalists could mix resources and create value. Labor was one of their resources.

Now with mobile digital information people have the potential to create their own value.

What's to worry about is those without access or skills or knowledge. They must feed off the scraps of the service economy.

One of the best books I ever read, or at least the one that shaped my economic thinking, was Paul Hawken's "The Next Economy". It wasn't popular, in fact it's not in my library. But it dealt with how information led to better long term decisions and product durability, which was cheaper in the long run.

Essential industries - food, energy, housing, transportation - will be fine. But much else is decentralizing. And I continue to think the move to home gigs in response to the pandemic will be permanent or partly permanent for many workers and industries. It's cheaper, to work from home - for workers and for businesses. Lots of commercial real estate will be dirt cheap for a long time.