The goal of technology was for everyone to have easier lives and work less. Well todays generations have it much tougher. They are working for much lower wages and longer hours. Its next to impossible for millenials to purchase a house on their own. Something here itsn't right, Capitalism?
This issue is not due to the fault of technology. Nor it is a fault of capitalism. It is mainly because of the increase in educated population. The basic demand and supply rule.
In my country, when my parents got into a job, a normal bachelors degree was considered a great qualification. Now, even post graduation is not sufficient for many low paying jobs.
I have seen hundreds of Engineers are working in BPO companies because they could not find a job befitting their education.
It is just the supply of qualified manpower has increased as compared to the available opportunities, resulting in decreased payment and increased workload. Simple demand supply rule it is following!
