For most people the majority of expenditures are in these top 7 categories:
Transportation
Food
Healthcare
Housing
Energy
Education
Entertainment
Now, imagine what would happen if the cost of these items plummeted.
According to Peter Diamandis this is what the future holds. He calls it the "rapid demonetization of the cost of living."
"Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero." With special emphasis on "zero."
Take, for example, transportation:
"The automotive market (a trillion dollars) is being demonetized by startups like Uber. But this is just the beginning.
"When Uber rolls out fully autonomous services, your cost of transportation will plummet.
"Think about all of the related costs that disappear: auto insurance, auto repairs, parking, fuel, parking tickets. Your overall cost of "getting around" will be 5 to 10 times cheaper when compared to owning a car.
"This is the future of "car as a service."
"Ultimately, the poorest people on Earth will be chauffeured around."
Why the Cost of Living Is Poised to Plummet in the Next 20 Years by Peter Diamandis
http://singularityhub.com/2016/07/18/why-the-cost-of-living-is-poised-to-plummet-in-the-next-20-years/
Transportation
Food
Healthcare
Housing
Energy
Education
Entertainment
Now, imagine what would happen if the cost of these items plummeted.
According to Peter Diamandis this is what the future holds. He calls it the "rapid demonetization of the cost of living."
"Powered by developments in exponential technologies, the cost of housing, transportation, food, health care, entertainment, clothing, education and so on will fall, eventually approaching, believe it or not, zero." With special emphasis on "zero."
Take, for example, transportation:
"The automotive market (a trillion dollars) is being demonetized by startups like Uber. But this is just the beginning.
"When Uber rolls out fully autonomous services, your cost of transportation will plummet.
"Think about all of the related costs that disappear: auto insurance, auto repairs, parking, fuel, parking tickets. Your overall cost of "getting around" will be 5 to 10 times cheaper when compared to owning a car.
"This is the future of "car as a service."
"Ultimately, the poorest people on Earth will be chauffeured around."
Why the Cost of Living Is Poised to Plummet in the Next 20 Years by Peter Diamandis
http://singularityhub.com/2016/07/18/why-the-cost-of-living-is-poised-to-plummet-in-the-next-20-years/
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