article_snippet: In our collective imagination, millennials are saying, "No jobs?
article_snippet: And then "No jobs solve "No jobs own problems by heading to Silicon Valley with little more than an iPhone and an idea to create the next hip app that supposedly will turn "No jobs into overnight millionaires.
article_snippet: Garages across the country are not exactly humming with millennials launching tech startups.
article_snippet: But wait — won't the digital economy eventually lead to better jobs?
article_snippet: One of the biggest misconceptions about the digital economy is that for every middle-class job rendered obsolete by technology, there's a new, equally good (or better) job created by Silicon Valley.
article_snippet: the digital economy is vaporizing the good jobs and replacing the good jobs with two kinds of jobs: minimum wage jobs (think Amazon warehouse employees) and so-called "sharing-economy jobs" (think Uber drivers).
article_snippet: This "winner-take-all" digital economy is not sustainable.
article_snippet: If we take no action, we're headed toward a kind of digital world feudalism where there are a handful of kings, a lot of peasants and no middle class.