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Where will OPPORTUNITIES be if universal income exists?

Discussion in 'General Entrepreneur Discussion' started by TreyAllDay, Sep 23, 2018.

  1. TreyAllDay
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    TreyAllDay Whatever it takes Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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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?
     
  2. TreyAllDay
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    TreyAllDay Whatever it takes Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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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.
     
  3. Walterbl
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    Walterbl New Contributor

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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.
     
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    Process Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Offer an agency that gives people pretend work so that they still have a boss to complain about on social media.
     
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    Kid Bronze Contributor Speedway Pass

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    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.
     
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  6. TreyAllDay
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    TreyAllDay Whatever it takes Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    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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