Rising Income Inequality & Shifting Identities – The Specialist & The Omnivore
Rising Income Inequality & Shifting Identities – The Specialist & The Omnivore
An excellent explanation of the effects of the transitions from economy to abundance. As technology increases, ownership of things that make things (physical capital) will be more important and relationships will eventually become the only scarce good.
Crowd sourcing math, value of life
When speed limits in the USA were raised from 55 to 65 death rates also increased. The economic value of the lives lost amazingly equaled the average lifetime income.
Everyday people choose between ways to spend their time and money. They calculate the relative value of each and decide which best achieves their goals. Individually these choice can seem haphazard, irrational and even counter productive.
An economic decision is a choice that means giving up thing to get another. Another name is a trade off. Depending on the conditions of a particular situation the relative value changes. A man in a hot desert would more highly value a glass of water than a fancy winter coat. The same man would prefer the coat to the water if he were in the arctic.
Poor people often take great risks to earn a living than wealthier people precisely because it is to enable living. When those same people are wealthier they will take less risks. This is the main reason certain industries have moved from wealthy post-industrial nations to less developed nations. As those nations improve economically those jobs will be replaced by technology.
Ideas for further research.
Compare other risk reward ratios to create a formula between maximum loss, dying, and zero loss. This could explain crime and be useful for determining effective deterrents to crime and enticements to other occupations.
Robot Strawberry Picker, Abundance Report
In the USA picking strawberries is hard low paid work for migrant, often illegal alien, workers. Japan’s robot strawberry picker comes from a different mindset.
Most post-industrialized nations complain about cheap foreign labor taking their jobs. Similarly people living in high income nations complain that automation is eliminating jobs, even jobs no one really wants to do. Standing in the hot sun bending over picking strawberries for 12 hours per day is not desirable work for any person.
Japan values their national cultural identity much more than other post-industrialized nations. Being a small island nation they are very concerned about depending on foreigners for materials. Japan understands and values self-sufficiency. Additionally, Japan is an aging society. The ratio of young people who are able to do manual labor is declining. If Japan is going to remain self-sufficient it must find ways to do more with less human labor.
Japan’s obsession with automation stems from their need to do more with less. Proper design and automation is how Japanese companies increase productivity and quality while reducing costs.
Even though Japan is a small nation it produces a great deal of food, particularly for local use. Rather than using the mass production approach of the nations with large amounts of land such as the USA, Canada, and Russia, Japan produces food in super efficient small scale farms. These types of farms are particularly well suited to automation. A small family owned farm using automation can produce much more food per acre and at much higher quality than the large scale industrial farming approach. Rather than viewing automation as stealing jobs, the Japanese are spreading real wealth by allowing more people to directly own and operate the means of production.
Japan is moving forward into Abundance both technologically and socially. Other nations and people could learn a lot from the Japanese.
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Predictive Innovation: Core Skills Book
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