https://www.youtube.com/watch?v=54J8xTOdvZE
There will effectively be no first world within the next few years as life standards will take a permanent nosedive.
The first blow came in the form of destruction of small business. Small enterprise, mom and pop shops and diners, these were the last sectors of the economy in which people enjoyed autonomy or a degree of freedom from corporation and state. The COVID scam and the resultant lockdowns have eliminated most small businesses. The gap will be filled by megacorporations who have have been lavished by bailouts by the Fed, greater favor from banks and deeper pockets.
Mom and pop diners are all gone, now only Mcdonals and Starcucks will remain, as they're the only ones capable of surviving this depression due to bailouts. There will be no more small enterprise, there will only be employees of megacorporations, which are effectively command economies, states within a state.
If that wasn't bad enough, the other blow will come from online work. While this seems good at first as it saves you commuting, high housing costs in the city and demoralizing office work, it will be disastrous in the long run.
Because online work can be outsouced to the entire planet. If you don't need workers to be physicallly present anymore, you can hire workers from anywhere in the planet. American white collar labor will effectively be in competition with the entire planet. Why pay some native born worker, 4000 bucks for graphics work, when you can pay an Indian or Chinese person 500 dollars for the same thing?
The higher prestige and income associated with white collar work will collapse in the following years. The average salary will be something equiavlent to today's 500 bucks a month. Of course due to effects of inflation, it might appeart to be greater in the future.
As for Blue collar work, mass immigration from mexico has already collapsed wages for them and increased automation and digitalization will shave their salaries to nothing as well.
As salaries plummet, so will life standards. The overall size of the economy will remain the same as the fruits of productivity all go to the corporate elites and BlackRock. Inequality in the US will go up to Mexico and Brazil levels.
Prices might decline a bit but that will probably be offset by resulting inflation from the continous QE. The US economy and stock market have become acclimated to QE, rock bottom interest rates and FED injections and can no longer function without it. If the FED ever stops QE or seriously increased rates, the market will collapse in a bout of panicked selling.
In the grim darkness of the coming digital serfdom, heading to the countryside and becoming a small farmer or craftsman of a self sufficeint commune increasingly sounds enticing. Though I doubt the globalist regime would allow something like that for long.
I expect increasing environmental regulations and carbon taxes to make it impossible for such ventures. Not to mention agricultural subsidies to big agriculture like ConAgra and Archer Daniels Midlands. They'll no doubt do their fullest to price out such ventures.
Things look darker and darker by the day
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