#technology is going to create so much deflation over the next decades that it is going to make people's head spins.
You are viewing a single comment's thread from:
#technology is going to create so much deflation over the next decades that it is going to make people's head spins.
Would you say its more deflationary than before or has tech always been deflationary?
Tech has always been deflationary, something overlooked by people.
What did music cost in the 1980s? About a buck a song ($8-$10 for a cassette). Today. Basically free.
What did long distance cost? 10-20 cents per minute. Today, we can communicate with people all over the world for basically nothing.
How much would a 1 hours live YT telecast that reached 1000 people cost in the 1980s? It would have been recorded and CDs mailed out.
These are things that are overlooked.
Yes and I guess this would be a point for the people saying that new tech creates new jobs while some older jobs dissapears.
Kinda crazy to think how far we actually have come in quite short time span.
They say that but the labor force participation rate tells a different story. That peaked globally in 1990 and in the US 1998. So we are 25-30 years into this technological age and the stats are showing that jobs are not keeping up.
And now we have a technology that is going at an unbelievable pace.
I actually hope for a timelime again where only one in a houshold needed to work and could still afford a house and to live.
Going to have to reverse urbanization. One of the affordability issues is the fact that people are packed around cities like sardines.
Land doesnt expand but the number of people within a geographic areas seems to grow.
That might work well since generally the older population lives in the rural areas. Might be a lot of vacancies and opening for a new wave of modern rural living.
tech is all about connecting systems and ecosystems, so it's quite natural for costs to go down as the infra becomes better.
Just look at the cost, in the past 2 years for a 3,000 word article. What would that cost for a professional writer? How long would it take?
Chatbots do it for free and require only some editting.
Editing and fact checking would I say, since many times if you ask a chatbot it just does makes up stuff.
And human writers dont just make stuff up?
Well thats a good point 😅
Most what msm does today is making stuff up or trying to frame it from their worldview.
The number of areas is expanding so the deflation will only accelerate.