1. More leasing and renting of cars, homes, tools and other expensive items
2. Bigger gaps between the most and least wealthy
Wealth opportunities will explode for people that are in a position to take advantage of them
3. Most people will have a higher standard of living even if they are “poor” relative to other people
4. For most people in first world countries there will be a super abundance of food: tremendous variety at relatively low cost compared to annual income
5. For many people in third world countries and some of the poor in first world countries there will be famine: food may become unavailable at any price
6. Many countries will experiment with a form of universal basic income. Some will be successful.
7. Many people will not be motivated to produce and will become heavily addicted to distraction: videos, social media, drugs and other vices. They may be partially or fully supported by UBI
8. In the USA there will be millions of “retired” people that stopped working at the age of 65 but will live for at least another 20 years. Most of these people will not have the financial resources to sustain their lifestyle.
9. People will be comfortable interacting with automated and robotic businesses from food service, delivery, cleaning and even medical treatment
10. Transportation will be very inexpensive and nearly all autonomous
No comments.