- Joined
- Jul 17, 2019
So I have been thinking alot lately about the future of the American economy. Personally I think in the next several decades we will see alot more consolidation within different industries. I think at this point we wil lend up seeing more industries turn into duopoly and triopolies where in any industry there are just two or three companies "competing" against each other. We have already been seeing this with media companies, going from 50 in 1983 to 6 in 2012 and just 4 now. This infographic is from 2012 and since then Disney and Fox have merged with CBS and Viacom doing the same.
This has already happened with ISPs, I live in an area where there are only two ISPs to choose from and there are people I know who live an areas where there is only one ISP. While there are satellite internet providers most are slow speed and unreliable.
With the continued rise of Amazon and their eternal march to not only be your one stop for all your shopping needs but also working on becoming their own delivery service. This to me begs the question of how long long will it be before they are the only retailer for certain things. While Walmart has been trying to compete as an online retailer they simply haven't had the same luck and I think it is a battle that Amazon has already won.
The continued automation in amazon warehouses makes me believe that their eventual goal is to have an all robot workforce which is something that will happen in alot of different fields. This also makes me wonder with jobs that are being done by humans now being done by robots and severally limiting the jobs available it makes me wonder what the future of employment will be and how will the political landscape change with several more angry people going to extreme positions to find solutions because they are out of work.
Personally, I think the future of the American Economy will be industries dominated by Duopolies and Triopolies with majority robot workforces where only a small percentage of humans are employed to run companies and oversee robots. With that I think in 20-30 years (most likely alot sooner) we will see UBI gain alot more ground and eventually put into practice not only in European countries but the US. I think with continued automation UBI will eventually become the solution for all the people put out of work and in my opinion is something that is almost inevitable. While some people will work to get some money on top of their tugboat I think the majority will be NEETs or try their hand at a "creative" job trying their hand at youtube, etsy and other websites to make extra money. CGP Grey made a video in 2014 "Humans Need Not Apply" and I generally agree withthe point of the video that automation is inevitable.
It also makes me worry about the future of unpersoning and what will happen to those who are completely outcast and unable to partake in commerce and what their future will look like.
This is just a small collection of my thoughts on future of the American economy, What are your thoughts?
This has already happened with ISPs, I live in an area where there are only two ISPs to choose from and there are people I know who live an areas where there is only one ISP. While there are satellite internet providers most are slow speed and unreliable.
With the continued rise of Amazon and their eternal march to not only be your one stop for all your shopping needs but also working on becoming their own delivery service. This to me begs the question of how long long will it be before they are the only retailer for certain things. While Walmart has been trying to compete as an online retailer they simply haven't had the same luck and I think it is a battle that Amazon has already won.
The continued automation in amazon warehouses makes me believe that their eventual goal is to have an all robot workforce which is something that will happen in alot of different fields. This also makes me wonder with jobs that are being done by humans now being done by robots and severally limiting the jobs available it makes me wonder what the future of employment will be and how will the political landscape change with several more angry people going to extreme positions to find solutions because they are out of work.
Personally, I think the future of the American Economy will be industries dominated by Duopolies and Triopolies with majority robot workforces where only a small percentage of humans are employed to run companies and oversee robots. With that I think in 20-30 years (most likely alot sooner) we will see UBI gain alot more ground and eventually put into practice not only in European countries but the US. I think with continued automation UBI will eventually become the solution for all the people put out of work and in my opinion is something that is almost inevitable. While some people will work to get some money on top of their tugboat I think the majority will be NEETs or try their hand at a "creative" job trying their hand at youtube, etsy and other websites to make extra money. CGP Grey made a video in 2014 "Humans Need Not Apply" and I generally agree withthe point of the video that automation is inevitable.
It also makes me worry about the future of unpersoning and what will happen to those who are completely outcast and unable to partake in commerce and what their future will look like.
This is just a small collection of my thoughts on future of the American economy, What are your thoughts?