33 sats \ 1 reply \ @felipehere 25 Jul 2023 \ parent \ on: Where are the people who used to work? tech
I do believe it explains considerably. Even though computers, mobile phones, Amazon, YouTube, Etsy, etc are around for quite a while, it looks like they achieved true mainstream status more recently (to all economic classes and geographies worldwide), especially after COVID.
Workers now have more options than ever:
- Marketplaces (such as Amazon) allow anyone to buy & sell to niches;
- YouTube / Instagram allow anyone to become some sort of celebrity and monetize content;
- Anyone can switch careers more easily as knowledge is widely available for free (less reliant on schools & diplomas).
We may be in the middle of a huge labour market shift and prices / wages should gradually adjust to reflect new preferences.
I think you are right that we are in a main labour market shift!! Due to information being free everywhere information jobs can be created.
I think stacker.news is an example of this next new economy. You could get paid in sats by only having a wallet.
Wherever you are in the world. You can be paid micro payments for your service, your knowledge, delivering value.
When people have a website and integrate it with lightning, web wallets like mutinywallet they can just join the economy. They have alternatives for the crappy dirty jobs.
During Covid they already stayed at home, they used zoom, the internet, netflix, amazon like you said.
But there is one more trend:AI. Artificial intelligence. Chatgpt, Dalle,.
These AI tools let you create content, automated your job, create images, video, more and more.
This will disrupt the job market at the top or middle sections. Not the low skilled manual jobs. Everything that can be done through and with a computer that can be automated will be automated.
And next you will see many office jobs disappear or change. And those high paid jobs like accountant, graphic designer, programmer will change and people will loose their jobs. While others that master AI (the people who can prompt the AI and let it do what is needed) will see their salaries increase.
So wait and see and within 2-3 years you see banks, pension funds, insurance companies etc announce massive job cuts in USA and some developped countries in Europe.
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