The Adoption of Technology Will Create MASSIVE Convulsions
In the Alstrynomic Digital Age....the need for Real Estate is declining rapidly. What we were talking about ten years ago we are implementing today. Most economists don't even realize that rising unemployment is actually a sign of progress....not distress....but most economists are cyclical thinking and not revoluationary.
The issue is how do we deal with progress that is reducing the need for people to work....something that has NEVER happened before. We see it everywhere. Banking moving online reducing the need for branches, movies delivered online reducing the need for videostores, news delivered online reducing the need for newspapers and magazines. The next two MAJOR areas will be healthcare and education.
Roughly 40 Detroit public schools will close, and the district will impose layoffs, furloughs and other concessions upon its staff this year to help close a $200-million deficit, emergency financial manager Robert Bobb said Wednesday.
We are rapidly moving our life online, in the not too distant future, our children, mine included, will be likely going to school online and not in a building.....think of all the fuel we will save from not requiring 4,000,000 teachers to drive to and from work, heating, electrifying and maintaining hundreds of millions of square feet of space, the savings from not needing massive administration overhead around the nation....etc......
At this point the direction is clear, the process, manner and timing is still uncertain.