The NEW American Dream

Archive for the ‘Technology’ Category

“It’s the economy, stupid” was a phrase in American politics widely used during Bill Clinton’s successful 1992 presidential campaign made popular by Clinton campaign strategist James Carville. In a recent piece in The Huffington Post, “The Truth About Unemployment – And Why It May Get Worse“, Silicon Valley Entrepreneur, Computer Engineer and Author of The Lights in the Tunnel: Automation, Accelerating Technology and the Economy of the Future, Martin Ford wrote the following:

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In the past two decades, information technology has advanced dramatically and is increasingly being employed to eliminate jobs of all types. Job automation technology, together with globalization, has been the primary force behind the stagnant wages and diminished opportunities for less educated workers we’ve seen in recent years.

As unemployment increases and wages fall, discretionary consumer spending and confidence will likewise plummet. The result will be a downward economic spiral that will be very difficult to arrest. Beyond some threshold, the business models of mass market industries would be threatened as there would simply be too few viable consumers to purchase their products. We would also likely see unprecedented levels of debt defaults, plunging asset values and financial system disruptions that might easily exceed what has so far occurred in the current crisis.

I believe that the impact of accelerating automation technology is likely to present an enormous economic, social and political challenge over the next ten to twenty years and beyond.

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All the more reason to take a sincere & serious look at what MLM Network Marketing has to offer you. And if now is not the perfect time for you to get involved… Just wait.

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