People Inflation – A Good Reason To Become ‘Generalists’
People inflation and technological upheaval are some of the primary culprits behind widespread unemployment. It’s time to become generalists again.
One thing all economists seem to overlook is the supply and demand of human beings. This can otherwise be described as ‘people inflation’. When the supply of people is too large, food and other valuables we take for granted become more scarce. Wages also tend to go down as a result. The reason why there are now so many low-paying jobs in the United States, is because there are so many extra people for the labor that is required. Someone will work for the low wages when those jobs become available.
When people are scarce, wages go up, because the wages have to compete for the available labor. The resource booms in Western Australia or North Dakota were testament to this fact. Food scarcity and resource scarcity are in fact primarily caused by people inflation.
Thanks to people inflation, earning a good buck online is also a very difficult pursuit. For instance, in this digital economy that 7 billion human beings have to compete in, many people desperately want to be able to generate a reliable income from their own creative skills.
Unfortunately, there is often no market for their particular skills. The successful innovator must not only be able to create an item, but must first understand what people will want or need out of that item. In this world where every Millennial is encouraged to “follow their passion”, the understanding of need is often more challenging than the creating of an item.
The education system does not help much either. “Technicians” is what our institutions of higher learning regurgitate every season, in varying levels. They range from the unusually clever, to the outright dull. However, the not-so-nice descriptions, “worker bees” or “wage slaves”, can cover all of them.
Technicians may be very capable in their niche, but can be ignorantly stupid and completely unemployable outside of it. When a niche ‘technical’ skill is no longer needed, the problem of people inflation starts to rear it’s ugly head yet again.
My recommendation? Everyone should start learning how to grow their own food and become a ‘generalist’ again instead of a ‘specialist’. Learn how to do a few tasks well such as building irrigation, small machine maintenance, gardening, construction, or renovating the interior of a bug-out vehicle. Because you’ll end up being in high demand with such survival-worthy skills when an unsustainable world and it’s economic model collapses.
Even if it never does collapse in your lifetime, you can use these skills to participate as little as possible within the system.
This article first appeared on Ingenious Press, an independent news blog featuring existential and red pill anecdotes on society, relationships, travel and freedom. Follow us on our Facebook and Twitter pages.