The Threat of a Jobless World

Posted by FuturistSpeaker on July 27th, 2012

People are seriously worried. I’ve been in a number of conversations recently where people are very worried about our coming era of automation where fewer and fewer jobs will be left for people to do.

A few months ago I predicted that over 2 billion jobs will disappear by 2030. With technologies like driverless cars, robotic assembly lines, and teacherless schools on the horizon, the handwriting is on the wall and people are getting nervous.

At the same time, our best thinkers don’t seem to have good answers for what comes next. Our best colleges are training students for jobs that will no longer exist. Our business leaders are myopically focused on what’s best for them. They have an obligation to hire the fewest number of people they can get away with, and to trim staff and expenses wherever possible. And politicians don’t know what to think because there are no lobbyists for the future unemployed.

In the past, the vast majority of our layoffs were caused by economic downturns. As we move into the future, the tide will shift, and the majority of our layoffs will be caused by automation and technology.

With all the chaos and uncertainty of a workerless world looming, I’d like to step you through some of the reasons why it will not be as bad as the doomsayers are predicting.

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Peter Thiel’s Quest for Creating a Viable Global Currency

Posted by FuturistSpeaker on July 20th, 2012

In 2003 the DaVinci Institute produced a landmark event called “The Future of Money Summit” which took place at the Omni Hotel in Broomfield, CO. One of the featured speakers was Bernard Lietaer, chief architect of the Euro.

At the closing session for the event Lietaer introduced his plan for creating a global currency, a digital currency called the Terra.

The Terra, as Lietaer envisioned it, would start as a trade reference currency pegged to a mathematical equilibrium of existing major currencies, and be backed by a basket of commodities, as opposed to a single one like gold.

After the press frenzy and nationally coverage resulting from our event, the Terra has descended into near obscurity, with little more than a Wikipedia entry to show it ever existed.

One speaker we desperately tried to bring to the event was Peter Thiel, co-founder of PayPal, who was highly regarded as a disruptive visionary in monetary systems.

While Thiel, a darling of the media, seems to have stopped talking about creating a global currency, I recently came across one of his most recent investments in a company called Stripe, which is causing many to speculate. Here’s what I think is about to unfold.

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Workerless Businesses: An Explosive New Trend

Posted by FuturistSpeaker on July 13th, 2012

In 2004 when Chris Anderson released “The Long Tail,” the world was suddenly awakened to the potential for niche markets that appeal to an increasingly diverse consumer marketplace.

In business terms, it gave rise to the notion of online businesses selling relatively small quantities of unique products, yet generating enough income for a person to live without a job.

In 2007, Tim Ferriss pushed this idea several steps further in his book “The 4-Hour Workweek.” Not only can people create their own niche businesses, but they can build it up to something quite profitable and start regaining their freedom.

In 2008, I wrote an article on “The Empire of One” about one-person enterprises that were being enabled by the rapidly evolving communication structure inside the Internet.

In 2009, writer Tina Brown coined the term “The Gig Economy” as she noticed a growing number of young people (one third of her survey group) were working multiple jobs and as freelancers.

Combining the growing freelance mentality of young people with the relative ease of launching a niche online business and we have an explosive trend driving us towards a future of “workerless businesses.”

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Controlling Your Own Legacy

Posted by FuturistSpeaker on July 6th, 2012

Legacy Building 1

Over the 4th of July, I attended a theatrical production of the history of my hometown of Mobridge, SD. The actors and actresses did a terrific job of illustrating the tough times of the early pioneers trying to forge a new life along the Missouri River in barren lands of northern South Dakota.

What I found most interesting was that this production took place in a cemetery.

They were giving us a glimpse of the legacy left behind by these brave and bold individuals against a backdrop of tombstones and gravesites.

While we know very little about those who lived 100-200 years ago, people today have the ability to leave a very detailed, well-documented legacy. In fact, they have the ability to control their reputation long after they die.

Emerging from the midst of our massive information revolution is a fascinating new industry – legacy management. And one of the critical decisions each of us will have to make is whether we want to manage our legacy virtually or have it tied to a specific location.

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