Thursday, December 31, 2009

The New Economy

The future is going to be different. Growth is by nature unsustainable. At some point the world can not sustain more growth. What this means for the population: we have a maximum that can be sustained. What that is wether it is 12 billion or 700 million I don't know but it is important to realize. What this means for people with jobs: salaries that go up and up across the board is not practical. While you will probably get paid more for having more experience and in management roles staying in the same place doing the same thing you can not expect to get paid more every year. Money needs something to back it up.

What does this mean for companies: uhh, people won't keep buying stuff. If people aren't making money hand over foot they won't keep going out to eat and buying new stuff. What does the future hold? That's a good question. I guess I kind of imagine a state of the economy that is half a step above a depression. It won't get much better or worse just always about the same.

It's going to be different. Look how far we have come in the last decade! Imagine how far we will come in the next decade...

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