Crushing the Expectations of 2.5 Billion People
The American Dream is dying.
Unfortunately, it arrived at its deathbed at the very moment 2.5 BILLION people in the BRICs (Brazil, Russia, India, and China) adopted it as their own.
Simply, 2.5 billion people are using their version of the Dream to climb into the middle class. What they don’t know is that they are in a race to achieve a modicum of prosperity before technology kills the global economy.
This situation has the potential to become a socioeconomic nightmare of monumental proportions, because in this race, my bet is on technology.
The smart bots (in both hardware and software) we’re currently rolling out will simply eat the available jobs in the BRICs before most become wealthy enough to afford the benefits of it.
With the wave of technology currently underway, there isn’t…
- a wage low enough,
- an effort great enough, or
- a work day long enough to successfully compete.
On top of that, these bots will do it better than the human workers are doing it today.
A failure to deliver on the Dream to this group will create a mismatch between:
- expectations of the future vs. the grim reality
- available jobs vs. actual jobs
- the leadership needed vs. the incompetent leadership (both in government/business/finance) we currently have.
The last time a mismatch this great occurred, the world exploded into world war as malicious leaders exploited the crushed expectations of the structurally unemployed to take up arms.
Of course, history being what it is, it’s not likely to happen in the same way this time.
This time, people aren’t needed to man the factories or the bureaucracies of the national security machine. Technology makes it possible for a few to control a great many. It allows the automation of tyranny.