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For advanced economies, such imbalances would likely lead to more long- term and permanent joblessness. More young people without post-secondary training would fail to get a start in the job market and older workers would drop out because they don't qualify for jobs that are being created. The polarization of incomes between high- and low-skill workers could become even more pronounced, slowing the advance in national living standards, and increasing public-sector burdens and social tensions. In some advanced economies, less-skilled workers could very well grow up poorer than their parents, in real terms.

"As technology evolves to make the office more obsolete, it's going to result in massive changes--and massive opportunities." But the process is sometimes painstakingly slow, as it conflicts with traditions, the desire for 'real face time' and office politics. 

"Not all those young companies will survive, but the habit of hiring online seems baked in; 64 percent of respondents said at least half of their work force would be online by 2015, and 94 percent predicted that in 10 years most businesses would consist of online temps and physical full-time workers." One more thing: it seems that the educational degree is not considered as being 'very important' when hiring online help. Quentin Hardy (Bits, The New York Times) concludes 'In the future, having a degree may be helpful, but having a reputation will be even better.' Taking this one step further, rating systems such as Klout (not necessarily Klout itself) could become a very important part of your social capital. Of course, such reputation measures could be organized by the major online staffing companies -  like eBay for instance uses its famous reputation system.  Reputation as social capital will translate this way into financial capital - and could be a crucial data point for financial companies which could use these data to decide about your creditworthiness...

"Apple's stock dropped 2.21 percent on Monday. A few analysts blamed the drop - worth more than $12 billion - on a strike of 4,000 Chinese workers at Apple's manufacturer. But how do we know that strike really happened? Bloomberg's Adam Minter makes the case that the entire narrative is based on messages posted to China's version of Twitter, Sina Weibo, from a single anonymous user." The journalists as DJs - but they have to know and respect their sources.

America is transforming before our eyes, and with our focus on the short-term economic crisis, we are blind to what might very well be the most fundamental economic shift of the past 50 years: the nine-to-five, 40-hour-week job with benefits and some security is fast going the way of the compact disc.