What is Abundance?
Do you work, purchase, or consume anything? If so this new understanding of Abundance effects you.
“You keep using that word. I do not think it means what you think it means.” The character Inigo Montoya from the movie “Princess Bride”
In 2000 I began a project to change the world. My partner in this project was The Shad0w, contributor to the BitTorrent protocol and creator of BitTornado program. Napster and other peer-to-peer file sharing systems were in full swing. At that point we realized that it was impossible to stop people from copying information. Music, movies, books, or software programs are all just information. Any information can be digitized. Once digitized copies are basically free. But we also realized that if people weren’t paid to make new information the world would stagnate. The entire legal system of intellectual property was based on restricting copies and now that was impossible.
While Shadow worked on BitTorrent and other technologies I worked on business models for this new world we were entering. I began researching, doing experiments and reexamining everything I knew about information. The result of that were several profound discoveries. One of them was a completely different way of looking at economics.
WCBN – Interactive Technology Interview – Part 2 of 2 – 2006 Dec 19
Part 2 of a 2 part interview. I talked about abundance, ways for Detroit automobile industry to deal with China’s increasing manufacturing dominance, unemployment, how to make things free, information technology, new ways of looking at the world.
http://www.markproffitt.com/wp-content/uploads/2007/01/it12262006.mp3
Where are the High Paying Jobs?
The big complaint in all the industrialized nations is they’re losing high paying jobs. But where are those jobs going? The quick response is the high paying jobs are going overseas or foreigners are coming in and “stealing” jobs. This is an easy explanation but it’s totally false.
High paying jobs aren’t moving overseas or somehow being stolen. The high paying jobs are gone. No one is getting the old high paying jobs, those jobs don’t exist.
There is a fundamental rule of human nature. We always want More, Better, For Less, with Less Hassle. That continuous drive to get more for less has caused tremendous increases in productivity. 100 years ago it took thousands of people to do what one person does today.
As recently as 50 years ago telephone companies had operators manually connecting calls. This person’s job was to plug wires on a board of connectors to make the connection between telephones. It could take 15 minutes for a call to be connected across the country. Today a device that costs $100 can make thousands of connections a second. Only a few years ago telephone companies charged extra for long distance calls. Today almost every cellular plan offers free long distance.
The job of telephone operator wasn’t stolen, or shipped overseas. That job is gone. If someone did want to do that job today they wouldn’t get paid very much. Plugging and unplugging wires isn’t valuable. No one wants to pay for a manual telephone operator.
The creation of automated switches led to new high paying jobs managing the switches. As the switches became more reliable and easier to manage even those jobs went away. Now one person can manage thousands of switches that connect thousands of calls every second. Today one person can do the work of millions. That one person does have a high paying job. But that will go away as well. It will get easier and easier to do the job and it won’t require special training.
I don’t think anyone wants people to spend all day unplugging and plugging in wires to connect telephone calls. I don’t think anyone wants to go back to paying for long distance either.
