Viewpoint: Rick Marin and Tony Dokoupil
From Newsweek: “Capitalism has always been cruel to its castoffs, but those blessed with a college degree and blue-chip résumé...
“Capitalism has always been cruel to its castoffs, but those blessed with a college degree and blue-chip résumé have traditionally escaped the worst of it. But not this time. From the financial meltdown in late 2007 up to now, the rolls of all unemployed white professional men have more than doubled, to a million. Wall Street and the broader world of business culled the most, laying off more than 300,000. Architects and engineers, the hardest hit by the housing crash, saw almost 90,000 casualties. In some ways, it was inevitable. Automation isn’t just a blue-collar problem anymore. Powerful software programs replaced armies of financial officers, accountants, computer-chip designers, even lawyers. If not quite the Great Depression, it is certainly the Great Humbling.”
Rick Marin and Tony Dokoupil in Newsweek