What progress is it if it gags on its own bottlenecks? It has not delivered its promises.
Progress sounds good on paper. Fame and Fortune await whoever has a genuine idea, drive and innovate. Recently Dr. Craig Wright came forward to claim he is the founder of bitcoin. Later he had to defend himself and said that proof would be forthcoming. Later we are told it is not so. What a pother!
We are children of a cashless society. In the Internet Age where we all have learned to reduce our reliance on paper, we became computer savvy. Instead of snail mail we send electronic messages that are quicker. Rather than waste our time shopping around we do online shopping and pay with credit cards. If such innovations keep working their way through it must create subtle shifts in us. It is natural to expect our lives as a result would qualitatively improve. Is it not? The job statistics in April 2012 indicate one in two of graduates fresh out of colleges are underemployed or unemployed. Our youth have come off worse. What of the old? Here is a news headline of Feb, 21-2012 For boomers, it’s a new era of ‘work till you drop’ (AP-Los Angeles)
According to US College Graduate Employment Study by Accenture Strategy in 2015 found that Forty-nine percent of 2013-14 graduates consider themselves unemployed.
Technology let us fall in with the latest trends and if we thought we have become progressive we are right. Progress made us connect with any part of the world. Connectivity is wonderful. Suppose we are looking for a career change. Under normal circumstances we only need our work experience connect with the openings most suited to our talent. But now? Is it not terrible to be told all those positions are gone?
Post-war generation or the baby boomers did not account for the economic downturn of 2008. Naturally we expected as the older generation before us to retire when we reached the age of sixty-five. Oh no progress has got in a downward spiral! The post-war boom helped us to go up in financial security and along with it in our expectations also rose. We have been riding the slipstream of many forces unknown to us expanding and contracting while we thought progress was letting us off easy thanks to the Internet. Now we find technology cannot put jobs back. Our progress has hit a blank wall.
Progress of man did not account for its hidden costs. If we look closely we shall see we have come worse off in great many areas.
Let us look at life expectancy of ordinary folks.
Between 1990 and 2010, life expectancy of low-educated white women declined by 1.2 years. That 1.2 years is about 13 years of progress washed away, so what seems to be minor changes in life expectancy signal really big problems going on underneath the surface.
“If we look at the trends in the US in an international context, it becomes even more stark. US women are at the bottom in terms of other high-income countries on these measures. So we’ve really fallen off; the trends have really diverged in an international context which tell us there’s something unique going on in the US, especially for US women.
“Raj Chetty and colleagues came out with a very big study in the Journal of the American Medical Association in April looking at the association between income and life expectancy in the US between 2001 and 2014.
“They showed rich women outlive poor women by ten years. They also showed that these gaps between the rich and poor in terms of survival have been growing over time. So over the period that they looked at, the richest Americans gained about three years of life expectancy, while the poorest had no increase.
If the nation cannot fix the American dream at least in terms of wellbeing of women there must be something insidious in the way progress is sold to the man on the street.