The World Wide Web has led to the downsizing of businesses to such a startling degree that most Americans will eventually be self-employed — a return to the way things were 200 years ago.
That’s the alarming view of Nicco Mele, author of "The End of Big: How The Internet Makes David the New Goliath’’ and lecturer in public policy at Harvard’s John F. Kennedy School of Government.
“There’s definitely been a dramatic change in our economy,’’ Mele told Newsmax TV’s “The Steve Malzberg Show.’’
Story continues below.
“In 1820, most Americans, 90 percent plus, were essentially self-employed farmers. By 1920, most Americans, 90 percent plus, were employed by corporations.
“And we’re headed back, by 2020, to a situation where the vast majority of Americans are, again, essentially, self-employed, either as solo consultants, solo operators, or as contract 1099 employees – not full employees, but contract employees.’’
That’s the result of jobs being eliminated because of sweeping technological advances in communication that require less people.
Mele — who directed internet operations for Howard Dean’s presidential run in 2004 — said the shift is not a good one for the nation’s workforce.
“The fundamental dynamics of our economy are shifting in a way that is profoundly anti-institutional — where big companies are not taking care of American workers in the same way,’’ he said.
See the Steve Malzberg Show on Newsmax TV each weekday live by Clicking Here Now
You can listen to the Steve Malzberg Show each weekday live from 3-6 PM ET on SiriusXM 166.
© 2016 Newsmax. All rights reserved.