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Where will OPPORTUNITIES be if universal income exists?

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TreyAllDay

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Hello All!

Was watching a very interesting interview with Glen Beck today, and he was talking about the future of the economy - some very interesting points about how many industries will be affected over the next 30 years (especially trucking, which I had no clue employs so many people). Another interesting subject was the possibility of a universal basic income. I know this is a complex question - but I am curious

1) What thought you have all put into your industries and how you expect them to be affected by automation.

2) If something like a universal basic income did become a reality and less people were working, where do you believe the biggest opportunities will be for entrepreneurs?
 

TreyAllDay

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My answers:

1) I own networking software that better connects workplaces - because my niche is in retail tire businesses I expect that most will be out of business in 10+ years as less people own vehicles and ride share. Also expect that more people will purchase these online in the future.

I also wonder if opportunities in B2B will shrink OR if "workplaces" will be a thing in 25 years and whether our intranet software will be needed. Interesting question.

2) If a universal income did exist - I assume most of the opportunities will be in B2C as people will still want to buy things.
 

Kid

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(especially trucking, which I had no clue employs so many people)

yeah, i read somewhere that there are millions of truckers in USA alone.

As to your question - i think that business will still exists because those people who will get universal income will have to spend it somewhere.
And since those people will have a lot more time on their hands, then maybe business that offers free activity plus "upsell" with own goods for profit might be a concept to explore.
 

TreyAllDay

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My guess is creative endeavors will be more popular. Some people won't have to work to sustain themsleves so they will have a lot more time in their hands to read fiction, play games, watch series, etc. So maybe there will be more work for writers, game designers, etc.
Interesting feedback so far. I agree on this.

Interestingly enough in AB we had a huge recession where all the oilfield workers were laid off and guess which industry actually saw an increase when people were on layoff benefits:

Gambling and strippers lol. Goes to show people will always invest in entertainment.

Sent from my SM-A520W using Tapatalk
 

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