Many people are starting to realize the potential job disruption that is coming from technology. The most recent advancements by Google and OpenAi are only feeding into this.
Over the years, we discussed how the accelerating pace of technology was going to cause carnage in the job market. Many overlooked it, choosing to buy into the narrative that "technology always created more jobs than it destroyed".
The problem with this viewpoint is, by its nature, technology is deflationary. This means the working class tends to be affected through the loss of jobs.
With what is going on today, considering the power of what we are dealing with, this is on steroids. Never have we see the potential for massive disruption in under 5 years. I tend to believe we are at that point.
So far, most are ignoring the problem. There is some courtesy discussion about it yet it is not receiving many proposed solutions. That is not the end of the world since most will not work anyway. Too often centralized entities (read governments) think it has the solution. Frequently, it is a total waste.
However, we do have the path going forward. In this article we will discuss how things could expand and counter what is taking place.
You Cannot Get Fired From Hive
This is a crucial concept in my view.
As we move further into the digital realm, people are going to require some protection. The old methods will not work. Governments are impotent against this. So are unions, minimum wages, and basic incomes. They will be tried as certain entities (read people) try to remain relevant.
There might be some minor success but the outcome is likely to be failure. The reason for this is many of those entities will be made obsolete.
It is why we have to stress this is an entirely new realm. Therefore, it will necessitate a completely new set of solutions.
This is difficult to achieve if people will, for the most part, no even admit the problem.
For this reason, we will keep covering it, presenting the most obvious of pathways for people to follow.
Here we can start with the fact that people cannot get fired from Hive. Unlike having a traditional job, where one is simply trades his or her time for money (modern day slavery for the majority of the world), working within an ecosystem creates a completely new paradigm for people.
So far, it is a point that most miss. Until a fair number of people will realize the opportunity, it will fly under the radar. Those, however, that are building, will find themselves in a different position at some point in the future.
Equity Stake
Web 3.0 has the potential to change the entire structure of the Internet.
We have no idea how many tens of trillions (maybe hundreds) of dollars this thing is worth. It is easy to see that companies like Google and Amazon are have market capitalizations over $1 trillion, stemming from their operation as a digital platform.
While many of us use the services provided by these companies, helping to increase their value, we likely do not financial benefit. Our stake in these entities is zero unless we happen to own some stock.
In other words, the effort we put in is not financially rewarded. Even within the "prosumer" realm, few are truly getting any return on their efforts.
This all changes with Web 3.0.
Working within an ecosystem means that one is simply not dependent upon his or her individual efforts. Since one has stake and, potentially, is receiving more for the efforts, we can see how this alters the game.
Networks and platforms are masters are capturing incremental value from its users and spreading it to everyone. Here is where tokenization takes it one step further.
It is a basic concept that few, even within the ecosystem, understand. Sadly, of those that do, even fewer are taking advantage.
Digital Abilities
While many are focusing upon what is lost with technology, there will be some who understand the opportunity presented.
When it comes to skills, everything is different.
The most recent advances, as shown by Google and OpenAI, should excite everyone. Again, only a few will take advantage since only a small percentage actual works on improving their skills.
Once again, we see the proverbial steroids entering the picture.
With digital technologies, the ability to enhance one skills goes up exponentially. Consider the fact that every few month you could learn a new skill that can be applied online. This means what is being created can keep expanding.
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No longer does one need to be an expert. Instead, being a generalist is all that is required. Once can start to work with one or two digital tools, then expand from there. The curve gets more powerful since the tools that one learns early on likely will keep getting more advanced.
Here is where we see the compounding effect.
All of this can be tied to Hive.
The next 5 years will see disruption like we never saw before, at least in such as short window. However, for those who are prepared, it is a huge opportunity.
Most fail simply because they look at how things are today. This leads to us missing the major shifts that are taking place, easy to spot in hindsight.
What we see taking place is going to have enormous impact.
The question is what we are going to do about it? Web 3.0 is technological in nature since it has a digital basis. This provides people with an opportunity to ride the way.
To achieve this, thinking like a slave is not going to work. One has to take the approach of owning a piece of the massive fortunes that will be generated by this technological evolution.
Under the present system, this is not possible for much of the planet. Tokenization, on the other hand, disrupts this completely.