16th April 2015, 7:48 PM
Saw a good post on facebook from my man Daniel. I can't remember his alias back in the day, but his roots are in Nintendorks, and eventually Project Reality, Sharp Gaming, both offshoots of Nintendorks. Not sure how many and whether any of you visited Nintendorks (Lazy is the only one I can think) but yeah. That's this guy.
We were discussing the acceleration of technology, and the inevitable extinction of money. I believe Weltall said it here? The next great emerging marketplace is that of ideas, rather than monetary wealth.
"The idea of money going away may seem like a huge leap and completely crazy, but it's already reaching it's limits. In our country, 1/3 don't have any savings at all, and 1/2 wouldn't have enough money to be able to manage a single emergency like a trip to the ER or their car breaking down. 1/3 of 18-34 year olds are living with their parents, and both they and their parents are struggling to carry their school debt. Social security is busted for this generation, but even if it was working properly, wages aren't high enough for the measured payback on it to be enough when they need it. There aren't enough well-paying jobs to dish out to these people, whether they get educated or not.
When the time comes that half of your nation is in the second half of their lives, and they have nothing to show for it, that is not sustainable. And that's just where we are now with a big chunk of production being automated. Next up is information systems and most of the rest of the service industry, right where the majority of those already-struggling people are. And this isn't just happening in our country, it is the trajectory of the entire developed world. But when you automate to produce and process and serve, and the people that's for don't have jobs and thus don't have money, you're done. Thus jobs and money are rapidly becoming outdated, faster than the nonrenewable energy sectors that support the industry development of that automation. It has been predicted and observed for decades."
We were discussing the acceleration of technology, and the inevitable extinction of money. I believe Weltall said it here? The next great emerging marketplace is that of ideas, rather than monetary wealth.
"The idea of money going away may seem like a huge leap and completely crazy, but it's already reaching it's limits. In our country, 1/3 don't have any savings at all, and 1/2 wouldn't have enough money to be able to manage a single emergency like a trip to the ER or their car breaking down. 1/3 of 18-34 year olds are living with their parents, and both they and their parents are struggling to carry their school debt. Social security is busted for this generation, but even if it was working properly, wages aren't high enough for the measured payback on it to be enough when they need it. There aren't enough well-paying jobs to dish out to these people, whether they get educated or not.
When the time comes that half of your nation is in the second half of their lives, and they have nothing to show for it, that is not sustainable. And that's just where we are now with a big chunk of production being automated. Next up is information systems and most of the rest of the service industry, right where the majority of those already-struggling people are. And this isn't just happening in our country, it is the trajectory of the entire developed world. But when you automate to produce and process and serve, and the people that's for don't have jobs and thus don't have money, you're done. Thus jobs and money are rapidly becoming outdated, faster than the nonrenewable energy sectors that support the industry development of that automation. It has been predicted and observed for decades."