The Muslim Bushido has been a step ahead of everyone out here at least in my mind. Or, should I say, for my mind. If you are paying attention to the world around you, I would think you should notice how the world (by the way world means economy in this post) is changing never to return as it once was. Mind you, this is a global change. Back in '09 Muslim Bushido posted of this changing economy, quoting from the book The Sovereign Individual
To the aspiring entrepreneurs in the audience: If you haven't already done so, you need to take action regarding your business plans. Now. Nothing has changed (at least, not for the better in terms of being an employee) since I said the following back in February 2009: The "Factory Age" of Rising Income Equality is OVER
From a 1997 book, The Sovereign Individual, by James Dale Davidson and Lord William Rees-Mogg:
"[Otto Ammon, a 19th century German economist] believed that high abilities naturally result in people rising in income and social position. . . . He also believed that the 'true form of the so-called social pyramid is that of a somewhat flat onion or turnip.' . . . Modern industrial societies are indeed all turnips, with a small wealthy and upper-professional class at the top, a larger middle class, and a minority poor at the bottom. Relative to the middle, both the extremes are small.
. . . All of this is intriguing, but the immediate interest of Ammon's work lies in the major long-term shift we are experiencing in the relations, financial and political, between the top and the middle. . . . Most people could master the skills required for operating the machines of the mid-twentieth century, but those jobs have now been replaced by smart machines which, in effect, control themselves. A whole arena of low- and middle-skill employment has already disappeared. If we are correct, this is a prelude to the disappearance of most employment and the reconfiguration of work in the spot market. " pgs. 212-213.
"Societies that have been indoctrinated to expect income equality and high levels of consumption for persons of low or modest skills will face demotivation and insecurity. As the economies of more countries more deeply assimilate information technology, they will see the emergence---so evident already in North America---of a more or less unemployable underclass. [Khadija interrupting the quote here: Guess who this is? You get one guess.] This is exactly what is happening. This will lead to a reaction with a nationalist, anti-technology bias, as we detail in the next chapter.
The Factory Age may prove to have been a unique period in which semi-stupid machines left a highly profitable niche for unskilled people. Now that the machines can look after themselves, the Information Age is pouring its gifts onto the top 5 percent of Otto Ammon's turnip." pg.214 [emphasis added].