Here’s a startling prediction: if current labor trends continue, one out of three American men, ages 25-54, will be out of work by mid-century.
That’s what former U.S. Treasury Secretary Lawrence Summers expects. “Job destruction caused by technology is not a futuristic concern,” Summers wrote this fall. “It is something we have been living with for two generations.”Contract jobs, gig work and robots have all made work more precarious. Silicon Valley pioneered many of the changes, and now some tech entrepreneurs believe they have a solution to the economic anxiety they’ve helped create.Put bluntly, it’s free money. […]