I continue to make the point that the bet on capital gains from real estate is not through inflation but through speculation. The speculation might be about inflation, but if inflation was the case, we would see employment earnings keeping pace, and they're not. From CBC News July 15, 2014 comes this "Microsoft expected to cut jobs in wake of Nokia deal." and quote:
“We will increase the fluidity of information and ideas by taking actions to flatten the organization and develop leaner business processes,” Satya wrote. “Culture change means we will do things differently.” said Satya Nadella, CEO of Microsoft.
The management will employ fewer people to give us feedback about our ideas by reducing the number of different levels of employment pay so that our cost of doing business is reduced on our balance sheet. We are forced to reduce our inhouse activities.
I have a job contract to fulfill and you don't. You no longer have employable skills here.
Software is eating the world.
"This is the basic insight: Software is eating the world. The Internet has now spread to the size and scope where it has become economically viable to build huge companies in single domains, where their basic, world-changing innovation is entirely in the code. We’ve especially seen it in retail — with companies like Groupon, Zappos, Fab." Marc Andreessen Wired interview April 24, 2013
How Technology Is Destroying Jobs
"Job Switching" from I Love Lucy
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'