ACS Online Training | Over 500 courses available to study online now!
Are Careers Even Possible for Most People?
Work opportunities have always been driven by demand. If people want more goods and services, there is more demand. Demand creates a need for people to create and supply those goods and services.
What happens though when everyone has everything they could ever want or use, and we are still increasing our capacity to create more things with less effort?
Technology and science has vastly increased our capacity to produce; and is continuing to increase productivity even further. From 1900 to 1950 productivity in the workplace increased a lot, and people worked far less hours. We had more spare time to use things, and more things to be used. This trend continued from 1950 to 2000.
Some “futurists” are now postulating that we are approaching a point where we will need fewer and fewer people to produce all the goods and services that everyone will ever want.
If half the workforce can produce ten times the goods and services we currently use: who is going to use all the extra goods & services; and what are the 50% unemployed going to do?
As this happens, the jobs available may continue to diminish.
Perhaps the most viable long term careers may end up being people who are self employed?