How Technology Reduces Inflation

12NDWaveSystemsIncD-Wave-System-with-Visible-512-Qubit-Chip-1384789518371

Today, with the exponential rise of technology, we no longer live in an agricultural, industrial, manufacturing or even service economy anymore. We live in an information economy. Simply put, there are fewer jobs. Technology has reduced the global number of jobs needed or available. Hence, crises where jobs do not match the number of young people in abundance – like the Great Recession and the Arab Spring. A young population meets a job shortage.

It is better to have a kid’s entire college fund paid for, instead of hoping a kid will become rich and take care of the prior generation. We act like an aging population is a problem, when the flip side, a young population, is a far more unstable situation. As more and more people move from pre-modern, to modern to post-modern societies, they will realize that there are fewer jobs and that the price of having a child is higher than it was in the past. People will be incentivized to work longer in the jobs they do have, and have fewer kids, later, when they are better financially equipped to take care of them. This is a global phenomenon.

12NDWaveSystemsIncD-Wave-Computer-Exterior-in-Burnaby-Labs-1384789771230

Another Language I Forgot

Hyrule_Castle_Courtyard

It was late at night; Karen sat at the bar in The Gem. It was an old, wooden bar. The wizened barkeep polished the counter-top with a rag.

Karen nursed a mint julep. Ran sat down beside her, in a black leather bomber jacket. She ordered a whiskey on the rocks.

“It’s nice to see you Karen,” Ran said between sips, “Boy, has it been a while.”

“Yes, things have changed since you headed out to California,” Karen smiled.

“I went west, but I’m back,” Ran laughed.

“But you didn’t come back for me, did you?” Karen feigned indignation.

“Of course, I did!” Ran guffawed, “No, no, I met someone.”

“Out there?”

“No, in the Caribbean actually,” Ran admitted.

Karen put her chin in her hand, “Tell me about her.”

“Well, she’s an accountant, and she’s lived here most of her life. She likes lifting weights.”

“That’s it?” Karen frowned.

“Yes, Karen, that’s it,” Ran grinned, “We can’t all be genius authors.”

“Hmm,” Karen mused, and finished her drink.

“You’re like a mother to me you know,” Ran said, “I appreciate you looking out for me.”

“I was more than a mother to you, I hope,” Karen responded, with a sidelong look.

“She’s never going to measure up to your standards, is she?” Ran drained her drink and signaled for another.

“Accountant sounds responsible,” Karen thought aloud.

Ran considered her drink, “You wish we were still together.”

Karen also looked down, “Of course I do, Ran.”

She gave her a wan smile, “We had our time Karen.”

“Why are you meeting with me then?”

Ran looked confused, “Because I care about you? Because I haven’t been to New York in a long time?”

“You never understood me at all, did you?” Karen looked at her.

Taken aback, Ran recomposed herself and muttered, “No, maybe I did not.”

She left a twenty on the bar, to pay for her drinks, and straightening her jacket, left, walking out the door.

Karen watched her go. She turned to the bartender, “Another.”

detox