4 ms·
I don't buy the premise of the article. I think that convenience will get harder because the economic system in the US prioritizes everything but automation. H
by zackmorris 4y ago
I don't buy the premise of the article.
I think that convenience will get harder because the economic system in the US prioritizes everything but automation. Have a business plan where you can hire tons of people? Great! Here's your loan. Have an asset as collateral or the money itself before you need it? Great! Here's at least that much money. Have an invention to completely solve the problem of delivery because robots grow food in your backyard? Get lost!
I often think of the lyric from the Cheers theme song: "making your way in the world today takes everything you've got". Well, Millenials and Gen Z have about half the disposable income that Gen X had, and Gen X has about half what the Boomers had. In other words, it was 4 times easier to make it in the 80s than it is today. I was there, I remember what leisure was. And art and civic engagement and public works and everything else that we've all but lost today. Now our cities don't even have safe drinking water. That kind of travesty was unheard of in the 80s.
As the realities of late-stage capitalism crush down on the world harder and harder, the cost of making it will eventually pass what people are willing to pay. I think we're seeing the start of that with The Great Resignation and #vanlife.
If my feeling on this is correct, then deregulation and lower interest rates will speed the decline. Stuff like austerity backfires, and half the population knows that through experience now since stuff like 9/11 and the housing bubble popping.
So any hope of fixing supply chains powered by low-wage workers in the third world is a fantasy. They've seen the internet, they know that their best shot at a better life is not to succumb to servitude like their parents did. They're all going to organize and demand better compensation, like they should have done a generation ago.
Another way to look at this is that the value of things stays the same, but the value of currency falls. In another 10-20 years, currency will be so worthless that a home in some cities might cost $10 million. We're losing the ability to buy things because we can't hedge against that with our own ability to make things.