What a future of Artificial Intelligence and Blockchain means for our Kids
With a rise in Entrepreneurship it’s critical we set up our young minds to be financially and business savvy. “The US Census Bureau reported that there were 1,559,950 new business applications submitted from July to September 2020 alone. Compared to the 859,345 new applications submitted during the same period in 2019, this 82% increase in 2020 was the largest year-over-year spike ever recorded.”
The future is a world where more people work for themselves, provide value, and dictate how they live their life. I don’t know how soon this type of future will appear but the events that have occurred in the last few years has accelerated it. It has shifted the mindset of society, with a heavier emphasis on freedom, flexibility, and family. There has also been a slew of digital tools that have opened a flood of resources for entrepreneurs.
Then in walks the humanoid robot who can work non-stop, complete physically challenging and dangerous task with limited liability and work in conditions that humans will / can not. At that point it will only make sense that robots do those jobs as opposed to humans who have labor law restrictions and physical limitations. After you add the advancements in artificial intelligence and now take away jobs like Uber drivers, truck drivers, insurance agents, manufacturing jobs, retail, doctors, and the list goes on.
At some point there will be more supply [workable humans] than demand [jobs] and you will either make the bare minimum from some universal basic income or you will make that PLUS income from running your own business or making a return on investments.
There is a disruptive technology that will help to accelerate this shift… Blockchain. This will decentralize control and bring the control back to the individual. Curious on learning more about how Blockchain will disrupt industries? This article does a great job digging deeper.
Now let’s put this all together to create the Formula showcasing the rise of entrepreneurs:
[Mindset change to freedom, flexibility, family] + [Digital tools and broader access to the internet] + [Humanoid Robot] + [Artificial intelligence] + [Blockchain]
= The rise of entrepreneurs
We need to set our kids up for success for this inevitable future. The school systems are not set up for this right now.
