A Perfect Storm – the new 21st Century economic reality

A Perfect Storm – the new 21st Century economic reality

I am reading a book called ‘Surfing the Techno-Tsunami’ by Paul Hornsey-Pennell and in it he says 120 million jobs are forecasted to be lost in the UK and US alone to automation and AI by 2030. He says, “we have entered a new era, possibly even a new age/civilisation”.

He goes on to say, “we have time, but we need to act now and spread the work, because everyone is going to be impacted”.

Working from home will become the new reality for most people. Working from home is something that has been around for many years, but mainly as a small percentage of the working population. Over the next 10-20 years this is going to be flipped 180 degrees with most people working from home, (as it was before the industrial revolution), as part of the new self-employment and gig economy.

(A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements. This trend has begun. A study by Intuit predicted that by 2020, 40 percent of American workers would be independent contractors)

That’s 2020, it’s happening now, the world has changed, the career has gone. This is the new reality and it is going to freak out people, no job, no wage, what do I do?

Remember we have time to act (not a lot) and if we get this right we can liberate ourselves from the mundane whilst enabling an unprecedented quality of life.

The new reality for most people in the future will be:

  • Self-employment, working from home or are part of a local community hub
  • Have a number of microbusinesses, providing services into their communities, ideally businesses that provide residual income opportunities to provide long term security and pension pot income streams
  • Have short-term gig engagements with companies using the skillsets they have built up over the years, (if they are still relevant and have not been superseded by AI or Automation which is highly likely)

If you get this right what you can also achieve is:

  • Empowerment
  • your own work life/balance – you set the hours you work
  • You are going to become part of a community of like-minded people
  • You will be able to leave a legacy
  • Freedom

Call to action – Do your own research on this, I can also recommend ‘Sapiens’ and ‘Homo Deus’ by Yuval Harari. Find you passion, engage with personal development and get involved with the conversation – let’s do it together.

Live, Love, Freedom and Leave a Legacy

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About Peter Ragg

Having worked at the sharp end of production and quality control management in the Pharmaceutical Industry for over 27 years I have acquired skills in many aspects of management, including managing large teams, leadership, presentation skills, personal development, coaching and mentoring. In 2005 I joined Utility Warehouse, a UK based network marketing company (FTSE 250 company) as an Independent Distributor, this is a part-time business opportunity which you fit in around the day job. I very quickly realised the full potential of this business model, when it is applied properly. Network marketing is first and foremost a people business, it is also a personal development business and where your success is based on helping your team members to be successful. A beautiful business model would you not agree? I love network marketing with a passion. In 2011 I had serious health issues and I joined Synergy Worldwide a health and wellness company. Synergy is now 19 years old and is in 30 countries. Synergy's natural wellness products have changed my life. I am fitter and healthier now that I was 20 years ago. Over the last 6 years I have become a wellness advocate, wanting to learn about how to live a healthier and potentially longer life. What I have learnt has changed my health and my life and at the same time it has also shocked me in that most people are still ignoring health advice. They don't know what to believe any more as much of the advice is industry slanted or contradicts something they were told only weeks ago as being OK. So the default for most people is to do nothing. My sole aim now is to give people information on all things health and wellness through our Get Healthy Stay Healthy community, information that will cut through the ‘noise’ and genuinely help people to improve their health and wellness. Please comment on the site and help me make this an enjoyable journey for people, thank you.

Posted on April 25, 2018, in Network Marketing. Bookmark the permalink. Leave a comment.

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