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Launching QuietGrowth

Hello all! I am happy to announce that I am launching QuietGrowth ( QuietGrowth.com.au ), the most advanced digital investment management s...

Sunday, July 12, 2020

My predictions for the next 25 years

My predictions for the next 25 years (unless a major war takes place, a significant currency collapses, or a catastrophe occurs):

1) Poverty will decrease. Poor will become less poor.

2) Wealth inequality will increase. The floor used to categorise someone as 'rich' will raise.

3) The proportion of new-rich will increase while that of old-rich will decrease in the 'rich' category.

4) Higher possibility of upward mobility. More fairness in society to achieve upward mobility.

5) Majority of people who are not rich will favour socialism.

6) Beautiful neighbourhoods with clean air and clean water will be more expensive.

7) Food shortage will not occur because of advancements in agritech and foodtech. But high-quality food will be more expensive.

8) Social unrest will increase. Class wars will escalate. Fights for resources will increase.

9) A massive increase in the number of people who are skilled enough to do most of the jobs. So, more competition to secure jobs.

10) Very-high-salary jobs might not increase in number. Hence, more attempts by the best to plunge into entrepreneurship.

11) Some of the rich might come together to negotiate with governments to create small autonomous areas for their exclusive living, with their own local laws and regulations.