Charles Hugh Smith: Radical Changes in Jobs Market Now & in Future

Jason Burack of Wall St for Main St had on returning guest, author and popular economic blogger, Charles Hugh Smith http://www.oftwominds.com/blog.html. Charles came on to discuss his new book, A Radically Beneficial World: Automation, Technology and Creating Jobs for All: The Future Belongs to Work That Is Meaningful which can be purchased on Amazon http://www.amazon.com/gp/product/B017.... Charles' other books he's authored are listed here: http://www.oftwominds.com/CHS-books.html Charles' full bio: Charles Hugh Smith is the author of the oftwominds.com blog, #7 in CNBC's top alternative financial sites, and nine books on our economy and society, including "Why Things Are Falling Apart and What We Can Do About It," "The Nearly Free University and the Emerging Economy," "Get a Job, Build a Real Career and Defy a Bewildering Economy" and most recently, "A Radically Beneficial World: Automation, Technology and Creating Jobs for All." His work is published on a number of popular financial websites including Zero Hedge, Financial Sense, and David Stockman's Contra Corner. Smith has also written seven novels and has posted a number of book and film commentaries on his website. During this 40+ minute interview, Jason asks Charles about the radical changes the jobs market is currently undergoing. Charles talks about how central planning, technology and outsourcing/offshoring has made labor and capital both un-scarce. Jason and Charles talk about the goals of Keynesian central planning and how it has made capital so cheap that it's easier for companies to invest in robots and automation now than it should be without normalized interest rates. Next, Jason asks Charles about the current jobs market and how difficult it's becoming to find a good high paying full time job and why most jobs being created are part time jobs. Charles thinks continued learned throughout one's adult lifetime, working in local communities and finding more work there with relationships with people will be more enjoyable than a corporate job working 70+ hours a week.