[Surviving technological unemployment] How to become financially free through diverse passive income streams
Why it's cool to have income independent from a job
Many people today depend exclusively on their job for their income. This requires a built in assumption that they will always remain as valuable to the labor market tomorrow as they are today. Economic forces work against this because each year more people join the work force, the work force becomes more globally competitive each year, and importantly automation makes many jobs obsolete.
What can a person do if they have a strong income now and they want to protect themselves from technological unemployment and globalization? The answer is passive income, from a diverse category of strategically selected streams.
The government likely will not save us
There is the assumption among many that the government will be there to provide a safety net in the form of basic income should technological unemployment occur. The fact is technological unemployment is occurring as we speak as self driving cars are becoming popular. Taxi drivers are trying to protect jobs for humans by banning autonomous vehicles for 50 years!. Renewable energy is also being banned. These bans to me seem like attempts to slow down the inevitable march toward an automated society run by machine labor. People who wish to protect their jobs will utilize the government to protect their industry no matter the harm it may do to the economy or the environment.
Conclusion
Passive income is the first step toward personal sustainability. Owning a business is better than working for a business. Having income is more important than having a job. Being happy is more important than being successful if success is misery. Of course I am assuming people value their own happiness, their own lives, and their own freedom. If you are a person who values these things then take reasonable steps now to protect yourself from technological unemployment if you can afford to do so by building up your diverse passive income streams. For developers, if you make a new product consider that a large percentage of the forward thinking smart and reasonable among us will primarily want to use your product to find passive income streams. There is a huge opportunity to use blockchain technology to help people and maintain these passive income streams using the automation technology.
References
....there is a lot of start-UPS through the blockchain. Applying and using technology we can choose for himself the direction of passive income. What we called technology of the future, now firmly part of our lives, so it is already present. I am very glad, because the subject is passive income for a long time and seriously occupies my thoughts. And it's very cool!