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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (21419)10/11/2018 9:15:45 AM
From: elmatador3 Recommendations

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John Pitera
roguedolphin
sixty2nds

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John back in the 80s I saw it coming:

There were ideas floating around that planted the seeds of what we have been seeing in the past 10+ years or so.

Then, I would read advanced countries would be doing knowledge work and the hard labor would be farmed out to people in emerging markets.

I saw a flaw on that concept. (Rough figures) For knowledge work you need, probably, 10% of the economically active population of a given country. Then we would have 50% doing support functions and the 40% would have to roll sleeves up and do the heavy lifting and be paid lower wages.

Humankind cannot eradicate poverty. It can humanize it in some form. Our society is complex and the complexity is growing year by year.

That means a constant upskilling and reskilling just to keep on par with how society works. Not a big % of the population can keep up with that complexity race.

You know the Nigerians have a saying? Men (man as in Mankind) are never equal. They are like the fingers of our hands. Some are strong. Some are weak. Some are tall, some are short. Some are more crooked than others.

Society cannot make the whole population affluent owing exactly to that disparity in human capabilities of individuals.

I am 65-year old. 31 I lived in Brazil and the rest I lived and worked in S. E. Asia, Middle East, Europe and Africa. I got this experience of seeing how poor people, overall, are about.

Politicos may come up and say: well let's enrich that 40% (I mentioned above) and qualify them for the knowledge or more complex work. It does not succeed. There is so much persons can absorb..

Even if you get a more homogeneous society such as Sweden. Swedes are not socialists. They are capitalists to the bone marrow and that capitalistic economy use the surplus to pay people not to disturb, stay at home and get out of the way.

If Millennials were led to believe that they were special and the government owe them a standard of living they were serious screwed.
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