Decay of Everyday Life: Impact of Labor-Capital Imbalance

Decay of Everyday Life: Impact of Labor-Capital ImbalanceCharles Hugh Smith – This month I’ve described what can be summarized as The Decay of Everyday Life: the erosion of the fundamental elements of everyday life: work, opportunity, social mobility, security and well-being, which includes civility, conviviality and a functional, competent social-political order.

In other words, Everyday Life includes far more than the financial statistics of Gross Domestic Product (GDP), the stock market, wealth and income. Everyday Life is fundamentally about relationships, agency (i.e. control of one’s life and ownership of one’s work), the fulfillment of life’s purposes (livelihood, family, friends, community and self-growth), leisure time and the experiences of everyday living, both the stressors and the joys. Continue reading