Showing posts with label service workers. Show all posts
Showing posts with label service workers. Show all posts

Sunday, April 28, 2013

Stephen Roach — Long Live China’s Slowdown


Is China rebalancing by growing its consumer economy with service jobs?

Project Syndicate
Long Live China’s Slowdown
Stephen S. Roach | formerly Chairman of Morgan Stanley Asia and the firm's Chief Economist, and currently is a senior fellow at Yale University’s Jackson Institute of Global Affairs

Friday, March 29, 2013

Charles Hugh-Smith — The Knowledge Economy's Two Classes of Workers

Setting aside that our economy is by and large organized to benefit a State-financial Elite and the technocrat Caste that serves them, let's consider the two classes of worker in what Peter Drucker labeled the Knowledge Economy in his 1993 book Post-Capitalist Society.
At the risk of simplifying Drucker's nuanced account, here is a precis:

The Marxist class division of labor vs. capitalist/management no longer adequately describes the new economy, as knowledge workers own "the means of production" which is first and foremost knowledge. Corporations and government offer an organization within which workers can apply their knowledge (i.e. the means of production in a knowledge economy).

Since the new economy is no longer characterized by capital vs. labor, it is a post-capitalist economy.
Knowledge workers are a minority of the workforce; the majority are service workers, either skilled or low-skilled.

Economist Robert B. Reich divides the workforce into similar categories: "symbolic analysts" (knowledge workers) and two classes of service workers: "routine producers" and "in-person servers."
Of Two Minds
The Knowledge Economy's Two Classes of Workers
Charles Hugh-Smith

Just as the Industrial Era replaced the Agricultural Era and was different from it, so too, the Digital Era is replacing the Industrial Era and bringing about another profound transformation of work and management.