Blog on the Run: Reloaded

Saturday, May 10, 2014 7:27 pm

The problem with the “new economy” — and how the media make it worse


Ed at Gin and Tacos:

Things like airbnb and Uber (a car sharing service, for those of us who don’t live in a city large enough to make the prospect of paying a stranger to drive you somewhere viable) are “building trust” among Americans, bringing them together and facilitating economic activity. Plus, they make the economy more efficient, partially eliminating the dead airtime in daily life. Why leave your house empty when you can get someone else to pay you to stay in it? Why sit around watching TV all evening when you could make money driving people around?

It all sounds great, at least according to the fawning sycophants who provide all of us out here in the provinces with such worshipful coverage of the amazing achievements of the Techno-Demigods. And it is great as long as you don’t bother to ask (or care) why people are suddenly employing themselves as improvised innkeepers and taxi drivers. After all, does anyone really want to let some strangers stay in their home for a few bucks? To drive some trust fund asshole to the airport on Saturday after a 45 hour week? I doubt it. People turn to the “Trust Economy” because they’re somewhere between financially stressed and desperate. They don’t make enough or they’re without any steady source of income at all. They do it for the same reason that people go to work at a temp agency or loiter in a Home Depot parking lot to do day labor: because they have no better options.

The tech media work hand in hand with the mainstream media to put the brightest and prettiest coats of paint on economic developments of this kind, but who really benefits from this kind of arrangement? Hold on to your hats, kids, but it isn’t you. The beneficiary is the guy who can get people like you to perform for pennies on the dollar all of the tasks that a driver, personal secretary, and butler would do. It’s remarkable how many of the recent Big Developments from the omniscient men of the Valley have managed to make the lives of the well-off easier without actually creating any jobs that pay a livable salary or have benefits. Oh, and they convince the media to cover these breakthroughs in a way that makes it sound like they’re doing you a favor. You’re free at last, free at last. Say goodbye to the chains of full time employment and hello to the boundless freedom of working piecemeal, making phone calls on Mechanical Turk for a quarter and driving Damon the Junior Content Developer to the airport so he can spend the weekend in Cozumel with his frat bros.

The problem with the fact that the economy created a robust 288,000 jobs in April is that it needs to keep doing that for many, many more months to begin to undo the damage wrought by the Crash of ’08. And in the meantime, people are doing whatever they have to do to get by. Ignore it if you like, sociopaths of the world, but for God’s sake do not try to romanticize it. There is some shit even Americans won’t eat.

The future is here, and it blows.

 

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1 Comment »

  1. […] to Lex for the pointer to what promises to be another time-sucker of a blog to […]

    Pingback by The Dark Side of the Trust Economy | Jon's Font of Worthless Information — Tuesday, May 13, 2014 11:37 am @ 11:37 am | Reply


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