My parents carried cash for everything, cash and checks. When I was in middle school my uncle went o and on about an ATM machine and explained how an ATM card was not a credit card to my parents. Now you are hard pressed to find a person with more than $100 in cash on their person. Money has pretty much been automated.
Restaurants, hotels and health care have taken the reigns as the most labor intensive jobs in the United States. Think about that these jobs are service oriented and produce no physical products. Factory work is far less labor intensive now.
What does it all mean? Well, I think we are currently living at the start of a post scarcity economy. Products and food are in abundance, the need to scrap by or fight for everything we get is now truly a manufactured need and not a real one.
Living in a post scarcity economy means that there should be a shift to better resource management instead there is a shift to service jobs. The lower class is serving the upper class (please bear in mind that the upper class is usually in this position because of birth right).
There is some hope though… I have watched a whole generation resign when covid came and went (sort of people are still struggling with covid but it seems it may be starting to become endemic). After the “great resignation” I watched a whole nation participate in quiet quitting (this is where you simply perform the bare minimum at your position). The transformation from resigning to quitting should change again to setting up a work life balance.
As this article states work life balance is a myth, and what is happening is more of a career or job that is not for money but satisfaction. Within the next generation I predict the end of money and the start of work that is for the purpose of work only.
So now what? I plan on spending more time at home and work doing things that make me feel accomplished than simply paying me money. I plan on doing more work to help others instead of helping myself to the over abundant supply of stuff and I think the world would be much happier if we all did the same thing.