[richsinn]

I think we're in the midst of something like the "Industrial Revolution", but can't quite see it yet. Only in hindsight, once the dust settles, will we be able to make sense of what's happening and changing. We're entering a new kind of economy at a macro scale that the world has not quite witnessed before.

But the changes are happening around us, and I think this "independent contractor" model will be a big force during this new "industrial revolution." Companies, empowered by technology, are trying to become more cost efficient, and in a short-sighted way, the single largest cost sheet for any company are its employees.

Personally, I think Capitalism as we know it will reach its limits once technology reaches a certain threshold of efficiency; we just don't need as many people working the same amount of hours anymore.[1] (isn't that the very definition of efficiency?) Then we as a society will need to figure out another way to live (new-style of feudalism? welfare state?). But until that new model comes in to play, and we're in the middle of this new "industrial revolution", the contractor model will be set to dominate.

[1] http://www.technologyreview.com/featuredstory/515926/how-tec...

[slykat]

Wow, I just typed out something similar, referenced the "Industrial Revolution", and was thinking along the exact same lines as you.