Category Archives: Automation economy

Automation economy, Global Warming, Mass Extinction, Rainforest Collapse, Sea Level Rise, Terrorism

Some people are so negative about the future that they stop having babies

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This article contains a shocking statistic:

Climate ‘apocalypse’ fears stopping people having children – Survey of 600 people finds some parents regret having offspring for same reason

The statistic:

The study indicated that climate-related fears for their children’s lives were rooted in a deeply pessimistic view of the future. Of the 400 respondents who offered a vision of the future, 92.3% were negative, 5.6% were mixed or neutral, and just 0.6% were positive.

92% of people surveyed have a negative view of the future. Less than 1% are positive! Unbelievable. But it makes sense when you start adding up the imminent doomsday scenarios that humanity is facing: The many facets of climate change, the economic effects of robots, the destructive power of inequality, terrorism, etc.

Meanwhile, the babies that are born grow up to become terrified young people as described here.

The doomsday book describes all of these problems, and also offers solutions for many of them, if humanity can get organized and unified enough to implement the solutions.

“The Doomsday Book” by Marshall Brain lays out this scenario in amazing detail and offers solutions to prevent this doomsday scenario from unfolding. You can order the book today on Amazon and other retailers.

Automation economy

‘We were shocked’: RAND study uncovers massive income shift to the top 1%

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‘We were shocked’: RAND study uncovers massive income shift to the top 1%

Just how far has the working class been left behind by the winner-take-all economy? A new analysis by the RAND Corporation examines what rising inequality has cost Americans in lost income—and the results are stunning.

A full-time worker whose taxable income is at the median—with half the population making more and half making less—now pulls in about $50,000 a year. Yet had the fruits of the nation’s economic output been shared over the past 45 years as broadly as they were from the end of World War II until the early 1970s, that worker would instead be making $92,000 to $102,000. (The exact figures vary slightly depending on how inflation is calculated.)

The findings, which land amid a global pandemic, help to illuminate the paradoxes of an economy in which so-called essential workers are struggling to make ends meet while the rich keep getting richer.

And amazing amount of money sent to a hyper-rich few, instead of to the people generating that wealth. And the problem will only get worse as automation takes over more and more of the jobs. Something must be done to rebalance the economy and restore the money to those who deserve it.

“The Doomsday Book” by Marshall Brain lays out this scenario in amazing detail and offers solutions to prevent this doomsday scenario from unfolding. You can order the book today on Amazon and other retailers.

Automation economy, Pandemics

It took decades to build Mexico’s middle class. The coronavirus could demolish it

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It took decades to build Mexico’s middle class. The coronavirus could demolish it

The pandemic has driven Mexico into its deepest economic downturn since the Great Depression, with 12 million jobs already lost, 150,000 small businesses closed and the economy expected to contract by as much as 12.8% this year.

“I think this is going to be horrendous in terms of increasing inequality,” said Juan Carlos Moreno-Brid, an economist at the National Autonomous University of Mexico. Even in the unlikely event that Mexico recovers quickly, he said, it could take until 2028 to restore the average income of a decade earlier.

Automation of Mexico’s factories will only make things worse.

“The Doomsday Book” by Marshall Brain lays out this scenario in amazing detail and offers solutions to prevent this doomsday scenario from unfolding. You can order the book today on Amazon and other retailers.

Automation economy, Pandemics

Coronavirus measures give Bangladeshi workers for global clothing chains a stark choice: disease or starvation

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Coronavirus measures give Bangladeshi workers for global clothing chains a stark choice: disease or starvation

Over the past three decades, global inequality has reached a critical level. The world’s 26 richest people own as much as poorest 50%. Multinational fashion companies have secured billions of dollars by moving production locations abroad and using supply chains in developing countries including Bangladesh, China, India, and Myanmar, where labour costs are very low. The revenues of each of the 25 biggest companies are larger than the GDPs of some countries. Despite this, the lives of most of the workers involved in production for many of these companies have not improved. It takes a CEO from a big fashion, retail or other company just four days to earn the same amount a Bangladeshi garment worker will earn over her lifetime.

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For more information, see the chapters on the Automation Economy and Pandemics.

“The Doomsday Book” by Marshall Brain lays out this scenario in amazing detail and offers solutions to prevent this doomsday scenario from unfolding. You can order the book today on Amazon and other retailers.