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Korean unemployment rates are sky rocketing, birth rate plummeting to 0.83, house prices hit multiple lifetimes of wages. Japan got into a recession and never came back. USA and Germany are no longer industrial powerhouses they used to be. The new world industrial might is China, and it is the most competitive place on Earth with low wages and 9-9-6 work. Jobs have disappeared from country side, factories, offices, Hollywood, Wall Street. Academic job market is ridiculously competitive. Even admissions for degrees in those institutions are just as competitive and financially unreasonable. Where this all goes?鈥

Jobs are getting automated away. Crop fields where before hundreds of people used to work are now occupied by self-driving machines and flying drones. Animal farms are filled with sensors, automated feeding and cleaning. Warehouses are full with robots moving boxes and shelves. Factories are filled with robotic arms that assemble and wield components. Food factories are large scale machines themselves. Significant human labour is only needed for tasks requiring high hand dexterity, such as packing items in Amazon warehouses or assembling iPhones. Not for long thought, those tasks are up next for automation. Whoever is left is either operates these facilities or owns them鈥

Where do you live now? Likely not in a country side, but a metropolis of say 5 million people or more. When you want to watch something, you don鈥檛 have hundreds of theaters with thousands of actors. Instead, you watch a movie made by a single studio in the other part of the world that employs only couple thousand people yet makes entertainment for billions 鈥 and increasingly even actors are replaced with CGI and 3D capture. When you want to enjoy music, you don鈥檛 listen to hundreds of street singers all around 鈥 imagine Edith Piaf singing on streets of Paris. Instead, you listen to a couple of world renowned artists, some of whom no longer alive. When you want to get latest news, you don鈥檛 have a large printing press with thousands of delivery people delivering news papers to your house. Instead, you watch video recording or browse website. When you go shopping, you visit increasingly large shopping malls with only few staff present at any given time and automated checkout counters. When you go to the movies, you buy tickets from automated vending machine. When you pay, you touch your cellphone or card 鈥 no one manages and stores cash banknotes. When you book something, you do that through an app or website 鈥 no need to talk to anyone for that. When something breaks, you don鈥檛 handle it someone to fix it 鈥 it is cheaper to by a new one, so that less manual labour. Better tech, less workers, scaling, ownership鈥

Do we have new cities being build? I haven鈥檛 heard of it. If a port was build once, you don鈥檛 need to build it again. Similarly, roads, buildings, electric power plants, refineries, water system, or underground, like the cranky London Underground that was not upgraded in hundred years old. Many of USA infrastructure is old too. Similarly, once scientific discovery is made you don鈥檛 need to make it again. If you designed semiconductor layout you don鈥檛 need to do it again. Same for software, an ultimate reuse. If you recorded a song, no need to record it again. This all leads to compounding effect. Over time countries getting wealthier thanks to the past generations who did most of the heavy lifting. Similarly, small groups and individuals utilize accumulation and compounding of their work of arts, assets, software, research, networks鈥

Not much new jobs appear to fill the supply. The Economist says unemployment rate is low by looking at UK and Korea, but it fails short to see that those jobs are temporary, low-paid, low-skilled, meanwhile good jobs are increasingly scarce. Countries are competing to outsource each other, fighting for who can get the job done cheaper. However, in aggregate it only shows that jobs are harder to get by in either of them鈥

Software does not seem to reduce in demand. All the automation is powered by it, but that is a closed game still. Software eats the world and it eats itself out. Fundamentally, you don鈥檛 pay for creation of a copy of software. Software is a blueprint that you make once and copy at zero cost. You don鈥檛 pay for that blueprint, you pay for hardware it runs on. But even for those original blueprints the work to be done is limited. You don鈥檛 need hundreds of types databases, you need only few. And these few power hundreds of thousands of businesses around the globe. You have only one dominant cloud provider. You have only couple of operating systems 鈥 which themselves consolidate and copy features from each other. Same for applications, you only need one video service, one instagram, one wikipedia, one search. Moreover, once developed software remains there. Software is proud in its on ability to not disappear and grow with minimal maintenance. Software is a great choice to accumulate your wealth, it powers all the automation and scaling鈥

Other industries still in demand for good human labour are hardware, advanced science and engineering. All of them are ultra competitive and complex and often require large upfront capital as well as access to scientific institutions. Today, no serious work can be done in a garage, startup or even mid-size companies anymore. You need scale, volume, and capital to set it up. Only well functioning, rich organizations can pull this off. Best place to be in backbone of those organizations or own a small-shops that they need鈥

Countries, companies, individuals 鈥 all will be either haves or have-nots. Rich countries and corporations 鈥 Korea, UK, USA, Singapore, Facebook, Google 鈥 would be able to offer universal basic income, universities, healthcare, childcare, infrastructure, security, transport, vacations, and even meaningless Bullshit Jobs. Less fortunate places will not offer any of that.

Increasingly unequal world with less people, tougher competition higher bars, scaling, technology and ownership.