Writer’s Note: A continuation of this topic can be read here. And Bernie Sanders doesn’t have the answers.
W]hy do we work? We work to take care of ourselves and ultimately survive. The structure of our society depends on us to work (unless we’re off the grid) to eat, have a home and drink water to nourish our bodies. If you’re a millennial, then I’m writing this mainly for you. I don’t know everything and I don’t have much, but what I do have are my ideas and to me I value them as I do gold or silver. I don’t know what the future of our society entails nor where it will be in 10 or 20 years, but I urge you to look beyond. I write this post sitting inside a home that I am grateful for, but as a partial realist this may not always be the case. Things change. Societies change.
The value of your work should not be determined by your paycheck, but by the amount of happiness you spread and the amount of meaning you give.
Just a few moments ago, I was watching The Jason Stapleton Program, which did a video on Bernie Sanders’ Town Hall on CNN. It’s always a pleasure to see Bernie. In my opinion, I feel he has America in his best interest and that makes him an optimist in my view. He’s optimistic about his views too! But about the Jason Stapleton Program, he said a bunch of things that resonated with me. I believe he’s a Libertarian and although I don’t subscribe to the ideology, I still listen to it. Let’s just say it catches my attention. But toward the middle of the program, around the 30:00 mark, he makes a remark about automation. All of this relates to my point and title of this post.
What do you do, in a rapidly changing environment where there’s no job for us to work? You go to school for a particular degree but figure out because of automation that degree or education you received is in jeopardy, or for the sake of the argument, replaced by machines. The company is still around. Ford, GM, General Electric, etc. They’re still conducting business and making money, but due to rapid changes (the greening of our economy, self-driving cars, etc.) those jobs that produce those goods may no longer need human bodies or at least that many of them. This is what people call disruption. And when industries get disrupted, like the music business thanks to streaming, things have to change, adapt or die out like the dinosaurs.
Take for instance, the tired marketing mantra of getting the right message to the right customer at the right time. While that’s long been a goal of marketers, Brandon Purcell, a senior analyst at Forrester, said at Forrester’s AI Summit in New York yesterday that the the traditional marketing machine was only capable of identifying the “right customer” and “right time,” not the “right message.”
This same logic applies to workers, especially people like myself. It is really imperative for us to come up with concrete ways to make a living. The government will be there to supplement, maybe, but I think in the future our government will face extreme amounts of pressure from disruption of key industries. But one thing I know is companies will still have and conduct business. And by understanding this the average person should take it upon themselves to become an investor. Take advantage of these companies that will become, if not already, valuable pieces of assets for a rapidly changing future.
“You say become an investor but how and what to invest in?”
It’s simple. Think about all the necessities of people. Imagine what struggles our future will have to endure then place your money there. For example, water, cars, food and technology will always be apart of our economy at this point. I like to look at utilities as well because of the growing concern of climate change and the basic need of energy. That’s how I think about what I invest in. Also, the financial sector is another industry worth looking into for investing. After all, money is still a commodity like any other. Now the who part of it, I’m still learning. I’d say find a company within these industries (or whatever ones you like), especially ones that has stood the test of time and ones that are willing to change and adapt.
Me personally, I like investing in companies that offer a dividend policy.
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It’s basically a policy based on the number of shares you own and those shares will produce every quarter (or monthly) of the calendar year a certain amount of money credited to you as the owner of those stocks. As long as the company holds a dividend policy and does well business wise then the profits that company makes will reward you. However, I’ve come to understand over the past few months that within the stock market comes risks. The stock market, for various reasons, can crash or the company you hold stock in could do a 180 and fall flat on its face. Not to mention, monetary laws could affect the overall function of the stock market. Just read up on Jim Rickards and let him paint the picture for you.
Overall, I think the point of this post is obvious. The current nature of work in this country is flimsy unless you’re in a field that is in high demand and requires human hands. Otherwise, you’d be putting your survival at risk if you don’t innovate.