The human being lives in one of the most transformative times in history. We are truly fortunate, yet we are not even aware of it.
In just 50 years, we have gone from the typewriter to having all the information available in seconds, and soon, we will become demigods. We are fighting against creation itself.
It seemed that when a God (call it what you want) created us, it was to come to Earth to work. However, little by little, we are seeing that this doesn’t necessarily have to be the case. It seems we will end up living in a paradise where no one will need to work, as machines will do it for us, leaving us with all the time in the world for ourselves.
The Evolution of Work Hours
Many skeptics believe this is entirely unfeasible, but I disagree. We see how we’ve nearly halved the number of hours worked compared to 150 years ago. Considering that productivity continues to increase and the pace of adoption accelerates, I dare say it is highly probable that we will cut these 1,500 hours in half within the next 10–20 years.
This would mean 750 hours a year. Divided by the 220 working days that countries have on average, this equates to about 3.5 hours of work per day.
The Productivity Paradox
Many critics will argue that this isn’t possible. Without being a socialist, I think it can be. In fact, we’re witnessing how certain tasks that used to take more than 10 hours can now be done in minutes.
Will salary be an issue? Yes and no. On one hand, we see that even though working hours have halved since 1870, productivity has multiplied several times over. For example, in the case of France.
We see that productivity per hour has increased from $7/hour to over $60. I said yes and no because this doesn’t only depend on productivity but also on inflation. The numbers are astonishing: in just 70 years, productivity has increased tenfold.
Global Trends in Working Hours
Many of you might argue otherwise, but look closer: in just ten years, France has reduced working hours by just under 10%.
And if that wasn’t enough, the number of vacation days has also increased.
A Future Without Work
As I was saying, we are getting closer to a point where we don’t need to work. Therefore, I also believe that if we project this trend into infinity, we will have universal income without the need to work. However, when that happens, there will be two types of beings:
- Consumer individuals: This will be most of us — people who simply consume. Perhaps a few will find alternatives, but many will settle for the basic income.
- Producer machines: The owners of these machines will lead society. Many of these machines won’t necessarily be physical; they could exist in the cloud. This will mean that states will collect less and less revenue, taxing only those who can offer the best conditions.
The Role of Global Currency
To achieve this, we need a global currency — a currency that enables fair trade. It’s precisely at this moment of transition when those who anticipate the change will sell all their assets in fiat currency to convert them into global currencies. This will cause: 1) the fiat currency to devalue even further, 2) governments to collect less revenue, and 3) governments to print more money to cover their expenses. Ultimately, this will lead to an even faster devaluation of their currency.
We’re already seeing how this global world is trending toward this. At Asymmetric Finance, we teach you how to navigate this change.
Embracing the Future of Wealth
We’ve also seen who the winners will be and how to get ahead of this coming paradise.
Without a doubt, we are on the edge of a precipice, and change seems ever more imminent.
This graph ties together everything explained so far and shows how those who’ve mastered productivity have also taken control of workers’ earnings.
What a great time to be alive.
Thanks for reading! If you want to stay up to date with our portfolio and get exclusive insights into the markets, sign up for our newsletter. We provide in-depth analysis of market trends and share our latest investment strategies. As a subscriber, you’ll also receive our latest predictions and be the first to know about any changes we make to our portfolio.
Don’t miss out on this opportunity to learn from our experience and build a stronger portfolio for yourself. Sign up today and join our community of savvy investors.
And if you appreciate our content and want to support our work, consider becoming a Medium member. For just $5 a month, you’ll get unlimited access to the best articles on Medium, including our latest research and analysis.
Please note that while we strive to provide accurate and helpful information, this article is for informational purposes only and should not be construed as financial or legal advice. Always consult with a professional advisor before making any investment decisions.
Leave a Reply