Read these questions and ask yourself while reading this.
Have you considered the future for Canada?
Where is this world/country heading in the next 10-30 years?
Do you want kids? Why or why not?
Do you think AI is good?
Intro
I’ve always been a strong believer of technology and always supported it 100%, Hell I’ve made a living playing poker for the last 10 years online. But in the least year I’ve really been focusing my attention on stocks/crypto and reading/learning a lot about the economy.
When I was growing up my parents would always ask me “So when are you going to get married and have kids” this is just what the always assumed was the norm and how life should be, I’ve always been a slightly out of the box thinker and like to analyze situations.
I’m going to make this post as brief as possible but it’s still going to be long but I could actually write a 500 page paper on my thoughts on everything regarding this topic but I’m curious to if other beyond members have considered this, I really didn’t consider any of this till speaking to a friend who has been helping me with stocks and crypto trading learning for the last year, really smart guy and has taught me a lot.
We were talking about the economy and Trump and the low employment numbers for the US and how we both believe this isn’t great for the economy (I’m not getting into this but go to tradingview.com and view any stock this year and the numbers to economy do not add up)
Anyways let’s begin.
LIFE EXPECTENCY
We were talking how people now a days are having LESS kids than they used to and I was like what? No? There is more people in the world now then there was 10 or 20 years ago.
Which is true, I made a chart with 6 countries and the population differences between 2000 and 2018 but I also wanted to compare the Fertility rates between 1955, 1990 and 2018.
All the countries can be found here
http://www.worldometers.info/world-p...us-population/
Here is a screenshot of my findings
It’s actually interesting most countries are having a larger population but the fertility rate has dropped rapidly from 1955.
If you look at countries that are not as developed you will see that the yearly change on fertility has increased in a lot of them. (Coincidence? Naa)
So it’s safe to say from the numbers people in developed countries are having less kids for most likely a few reasons.
1. Protection (Condoms/Birth Control)
2. Work makes it more difficult for them to raise a family.
I’m sure there are other reasons. (Question at the top)
So lets break this down a little bit.
Here is a chart.
Here is some maths I did.
So the government will have to spend a few bucks more for CPP after we retire, sure it’s a fair bit of money but I’m sure taxes can be increased for the next generation (Or ours) to pay for us when we retire at the age of 65.
It’s not that big of a deal right? Naa they will just print some more of that money and it will be good.
Artificial Intelligence / Technology
There is so many positives we see such as easier to communicate with others, uber slashing prices for taxis, the internet so we can research what we want, faster orders online for food/groceries, cures and increasing life expectancy etc etc. We could name hundreds of advantages to technology if we wanted.
We also now have the first Amazon store where you go in we don’t need a cashier just grab what you want and walk out. Oh the money saved BUT IT’S SOO COOL!
I remember when I had 56KB internet waiting 3minutes for a page to load and it was the coolest thing ever.
So let’s get into some interesting facts.
BBC reported that by the year 2030 there will be up to 800MILLION jobs lost to robots which will effect most of the richer nations such as Germany and US.
https://www.bbc.com/news/world-us-canada-42170100
However Canada is now trying to become a force in the AI world, and it seems they will continue to do so. Sweet we want to be a leader in AI.
https://qz.com/1264673/ai-is-the-new...ies-are-doing/
I can’t exactly wrap my mind around why this is such positive news for Canadians currently.
1. JOBS WILL BE LOST
2. LIFE EXPECTENCY WILL CONTINUE TO GROW (I'M ASSUMING)
3. UNEMPLYOMENT WILL INCREASE.
If we get self-driving cars can you think about how many jobs will be lost, taxis, uber, buses, transport trucks, etc etc.
This is of course only one of the AI, losing chiefs, telemarkets, accountants all being done by computer software.
Really interesting article “Heads-up LIMIT HOLDEM” was Solved by the University of Alberta
http://poker.srv.ualberta.ca/about
Also for No Limit (A much more complex game with lots of Game Theory Optimal Strategy now)
https://www.wired.com/2017/01/myster...players-poker/ - it’s only solved 1 on 1 and it did cost them thousands of dollars to run the software to play the pros, but he did crush them playing a very weird style and adapting every hand. Very interesting actually how it was done. (First time the pros
beat the old AI computer)
WHAT WILL HAPPEN?
So we know unemployment HAS to go up in Canada/USA and other countries of course as we can’t just continue to build human jobs and think this is sustainable long-term especially with so much new AI and companies/organizations able to cut costs everywhere, why wouldn’t they?
What will happen to the people, are we going to all be broke and creating chaos in the world to try and feed our families and survive?
Is the Government going to have to give us Basic income? (This is why the retirement sums will be so low, this would cost way more)
Is the government just going to keep printing money to pay everyone so we don’t destroy the cities?
Will there be much more Police officers hired?
Will there be more prisons built?
What will the next generation do?
This is one of the reasons I’m a fan of Bitcoin and blockchain technology even though I believe it could have been created by the US to pay off debts in the future (This is really a post for another day), even though I do feel it’s unlikely but knowing something can’t be made as many of as they want.
What are you going to do in the future to keep income and support yourself and family members?
I’m really curious about what people think about this topic and I do feel it’s a very important topic to cover and be aware of in case it creeps up on us in the future years.
Edit: 3am sorry wanted to finish this before I head to bed or I'd lose sleep over it, hoping to hear from some people when I wake up!