People Inflation – A Good Reason To Become ‘Generalists’

unemployed millennials - people inflation

So you tried to “follow your passion” too huh?

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.

  • Chris Brony

    Low wages benefits those that own businesses, property and other capital and assets and savings. Also those those are retired.

    It makes their gardener cheaper, provides cheap labour to clean their homes and serve their lattes and meals in cafes and restaurants. It improves profitability in their businesses where the labour bill is reduced. And the extra supply of people, while depressing wages increased the demand for housing so rents go up.

    This all benefits those that own capital.

    It damages those who sell their labour.

    The working class of the usa and UK have and will suffer the most from increased supply of labour through immigration. Immigration is the cause of wages being low.

    Their are no or low barriers of entry for immigrants to do unskilled or low skilled work. As a result those that benefit from immigration – as well as those that own capital – are those that earn good salaries in high barrier to entry jobs – highly skilled or requiring perfect English or perfect cultural understanding of how a trade works. Therefore these people always extol the virtues of immigration.

    If you are a highly paid professional or owner of capital that makes sense. Low wages for everyone else benefits these people immensely.

    If there were floods of immigrants who took lawyers jobs, and other highly skilled jobs for less and so drove down wages there would be uproar and outrage. But often they have their professional associations – a nice name for unions – to keep at bay the competition.

    What I have described – along with the banks ability to create money through credit – is why the rich are getting richer and the poor staying exactly where they are.

    It will only get worse as uncontrolled immigration continues and we go into a period where many unskilled jobs are replaced by automation. Thing of driverless cars being developed as it is a good example, then think of the millions of people who drive for a living – taxi drivers, truck/lorry drivers, bus drivers, ups drivers etc. the impact will be big.

    Great article but I disagree with the last bit. The skliled in the right niche and the business owners who employ others should benefit the most. Someone who works in a protected profession or highly skilled profession should be best off. Opting out of society is not the answer.

    Good point also on how hard it is to make money online because there are so many people doing the same.

    So many people want to make a living writing or creating something, but when you look at your salary of say £1000 – £2000 maybe, and look at how it is spent very little goes on books and artwork etc. most is spent on loan payments, insurance, housing, food, clothes, household items… Multiply that by the billion people who live in the usa, Europe and the west and u see that if u follow the money those are the areas and markets you should be focussing on if you want to make money. And in my life I have found, forget all the following your passion ideas – there is nothing that is as much finals making, having access to and having the ability to spend lots of money,