The Nature of Business Has Begun to Change

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2 years ago

It looks like we're coming to a crossroads. Many are referring to the great uncertainty that lies before us regarding business. Some think that hundreds of millions of jobs will be obsolete in the next 10 years. This causes a lot of anxiety at all levels.

Still, this is something we need to look at more broadly. Many refuse to accept change as it begins to happen. Instead, they want to keep the same system.

Unfortunately, that's not how things work. Societies undergo paradigm shifts regularly, and this seems to be one of those times.

Past Job Passes

Imagine for a moment that we are fighting the passages of the past. There were several times in the last 150 when the workforce looked significantly different compared to today.

In the 1800s, most of the workforce was in agriculture. In the United States, for example, more than 90% of this territory is occupied. Of course, this began to change as industrialization took hold.

What if we saw the transition and started writing laws banning the transition from agriculture to industry? Maybe they went crazy so their farming business had to pay more? Maybe they should have tried to create more farming jobs so people could work there?

This may sound a little silly, but that's what we're really trying to do today. In fact, as stated in the past, this is a trend that has occurred over the past 20 years. We created many low-quality jobs because we refused to accept the fact that things are changing rapidly.

Of course, industrialization took place and it was a great economic boom for the world. This does not mean that it is trouble-free, especially in the early stages. Labor problems were common and things escalated. Child labor was something that needed to be enacted. However, this period changed the face of society.

Then we had another shift. It was from the factory to the office. Collars changed from blue to white. Move people to urban areas leaving plants behind. Over the decades, employment figures have changed.

We have also seen that the number of blue-collar workers in developed countries has decreased with the combination of globalization and automation. This cost many jobs and economically devastated cities and towns.

Therefore, what we are seeing is nothing new. We've seen a transition every 30-40 years for the last 150 years. In other words, we are just in time.

The Death of Business (as we know it)

There are those who are already starting to question whether this is the way we are going. An article on Vox summarizes how the "big resignation" shows how things have changed in the wake of the pandemic.

Let's be clear: most jobs suck.

This is consistently repeated by surveys in the developed world. More than 70% of the questioned tend to come, all of whom are dissatisfied with what they are doing. With such a large number, it shows that the odds of finding it by swapping things aren't great.

Of course, it's easy to see how things are. There has been an even greater shift in power to companies over the last 40 years. Thanks to government connections, labor laws now heavily favor them. Interests were consistently slashed in favor of corporate profits. CEOs are more disconnected than ever before. People like Jamie Dimon and Tim Cook were surprised by the reaction they got when they started calling people back into the office.

We can easily see that there is a lot of turmoil in this area. What will happen and how it will be resolved is unclear at this point.

What we do know is that it's a technological component that didn't really exist before. Things are moving so fast that we see everything speeding up. While transitions in the past took decades, we can see a lot happening in the next 10 years.

Probably The Answer Is Cryptocurrency

Of all the controversies that have taken place, what is missing from the conversation is cryptocurrency. This is the overlooked Golden Goose. Instead, we'll be discussing things like UBI for the next few years, spending time and money on trials, and possibly bringing some to life.

Like most things from government, this will be a temporary measure that only achieves partial effectiveness.

Cryptocurrency, on the other hand, has the ability to change everything. We are already seeing the effects on the sectors. Ironically, this will also cost more people's jobs. We are still developing an alternative.

This is something that has become obvious over the past few years to those who can predict where things will go.

The reward mechanism with cryptocurrency is diverse. This means it can be applied to any activity. The intrinsic value that results from network activity means that people have the ability to preserve and transmit value. This is a huge breakthrough that didn't really exist on the internet before.

Suddenly, blockchain games can emerge and individuals can change their financial lives in less than a year. This is not possible for most people in the current system. How many people spend 20 years working, perhaps even progressing, but finishing in a place similar to where they started? These were the successful ones. Most, unfortunately, spend this time working and eventually get worse.

With the system created, crypto money rewards people for the value they provide. The direct payment mechanism means that over time, contributors will benefit financially. They also get some stake in the network, which is a rarity in business.

Technology has always allowed us to do more with less. This is a point driven home today. The reality is that the expansion in economic productivity is happening with fewer people. The prevalence of technology as it is now has a huge impact on employment status.

The hardest thing to change is, of course, people's mentality. We see this only in our political "leadership" that brings their old worn-out ideologies to the table. Ideas promoted in the 1970s (or earlier) don't quite work today.

We can clearly see that the nature of work has changed. Yet we still encounter the same tired solutions. The era we live in is technologically explosive. As more and more are digitized every day, this means that the speed of the whole increases.

Meanwhile, we can expect the same concepts to be recycled over the next 5 years. During this time, things will only get worse, leaving more people open to alternatives. Unfortunately, in order to change ideas, destruction often has to happen before the collective becomes open to something radically different. Too many people want things to stay as they are.

Naturally, we will continue to build and expand. The nature of business is changing and can be translated into exactly what we do in cryptocurrency.

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2 years ago