Michael

“It is unlike the industrial era, when corporations depended on people with a wide range of skills: managers and marketers, engineers and technicians, warehouse workers and salespeople. These jobs were often unionized, at least in the manufacturing and energy sectors, so that upper management was compelled at least to consider diverse views on how the business should operate. In contrast, tech firms are rarely unionized, and none of the largest internet-based firms are.7 Crucially, the tech giants employ relatively few people in proportion to their revenues.”
― Joel Kotkin, The Coming of Neo-Feudalism: A Warning to the Global Middle Class

“In Wired magazine, Antonio García Martínez describes the contemporary Silicon Valley as “feudalism with better marketing.” He sees a clear elite of venture capitalists and company founders. Below them are the skilled professionals, well paid but living ordinary middle-class lives, given the high prices and heavy taxes. Below them lies the vast population of gig workers, whom García Martínez compares to sharecroppers in the South. At the bottom, there is an untouchable class of homeless, drug addicts, and criminals.36”
― Joel Kotkin, The Coming of Neo-Feudalism: A Warning to the Global Middle Class

“Second, there is a working class who are becoming more like medieval serfs, with diminishing chances of owning significant assets or improving their lot except with government transfers.”
― Joel Kotkin, The Coming of Neo-Feudalism: A Warning to the Global Middle Class

“If [more] information was the answer, then we’d all be billionaires with perfect abs.”
― Timothy Ferriss, Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers