patrick.net
An Antidote to Corporate Media
1,360,304 comments by 15,738 users - Al_Sharpton_for_President, Ceffer, FortWayneHatesRealtors, HANrongli, stereotomy online now
Comments 1 - 1 of 1 Search these comments
1
Rin
2013 Dec 6, 3:23am
Rin
2013 Dec 6, 3:23am
We will have much more automation come 2024, than in the decades from 1970 to 2010.
Aside from the usual factory and labor saving robots, there will be advanced software doing the work of accountants, actuaries, lawyers, clerks, pharmacists, radiologists, design engineers, and a slew of other services. Companies will retain a certain percent of senior specialists, who can round out the issues/errors which may come out of software limitations & be used to cover the legalities of having at least a skeleton crew of ppl to watch over the servers.
Thus, inequalities will magnify and soon, we may be forced to have a guaranteed income, social welfare system.
I won't make a 2014 prediction (that would be just a trend projection) but that is my 2024 most positive scenario:
- there will not be a further severe deflationary spams like we saw in 2008.
- the US economy will grow steadily 2-3%/yrs for most of these 10 yrs
- inflation in the world will slowly start rising, then accelerate and central banks will be forced to tighten aggressively.
- rates will rise slowly at first then jump.
- housing will start stagnating and will lose ground to inflation over these 10yrs
- The DOW will not go back below 10000, and will be around 26000 in 2024.
- millennials will pass boomers as the most populous generation
- taxes on the rich will rise and inequalities will be reduced.
#housing