Wednesday, 25 October 2017

human resource is going to be really cheap for next two years

Reasons:


1) all this pessimism around our economy will result in negative sentiments from the business community, hence the slow recovery will at least take two years from this very day.(guess)

2) AI - will eat jobs, and it will be ugly because all low paying repetitive jobs will be automated sooner than people will realize. This will force an immense number of people, to look for jobs in desperation.


To be precise  - I am predicting that our economy will at least take two years before reaching to a quarterly GDP of upwards of 7, measured by the method used for GDP measurement in period 2012- 2014.



conclusion:

human labor will be cheap.


Those businesses that require human capital will have an edge over other venture categories because modiji indirectly supplied you almost the cheapest human resource on the planet.

Be happy, keep working

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