Technology is Impacting Where We Live
While reading news on the web, I came across this news that Governor Jerry Brown signed legislation on Friday, which would modernize the entire path for big-scale development in California.
It fortified the state’s reputation for passing some of the major stringent gun regulations in the country. The legislation has urged the extra supply that will help abate the rising housing costs, which is a good thing.
Ultimately, it is not going to matter much. However, in the upcoming years, a new technology revolution will create a huge shift in where people choose to live and, as an enjoyable byproduct, will solve San Francisco’s real estate crisis, sovereign of any legislation.
Let’s have a look at some of the historical content:
More than 30% of Americans, who lived in cities in 1900, that figured had grown to 81% by 2010. In 1900, follow the jobs as farmers made up almost 40% of the labor force.
Today, it is unevenly 2% clearly as jobs have moved to cities that has developed a main cycle of needing more people to serve people already in those cities. However, people like to live close to where they work. The only thing is there is only so much of San Francisco to go around.
In addition to this, technological advances are making it easily possible to mechanize much of the work that is currently carried out by humans. However, it applies to both blue-collar jobs through the Internet of Things and robotics, and white-collar work that is through artificial intelligence.
The extensive applicability of such kind of technologies has led to broad concern about the destruction of jobs. 47% of jobs in the US could be easily replaced by automated processes in the next two decades as per the 2014 Oxford study.
It has been also noted that modern day technology has always removed the requirement for some types of jobs, but it also creates new ones.
Considered as a complete set of tools, technology can be used in varied ways in boosting efficiency. When it comes to talking the Industrial Revolution, it demolished various jobs, but created many more as well.
It has boosted the aggregate wealth of society and started to develop a middle class, who could enjoy healthy, education and other advantages, which formerly had been obtainable to the wealthiest. It will be quite exciting to forecast the kinds of jobs, which this new revolution is about to create.
Though, 9 out of 10 most-in demand jobs of 2012 did not exist in 2013, suggesting that this latest revolution is generating new employment opportunities. For various people, it is an excessively positive as various new jobs need different skills set, so you cannot turn a meeting plant worker into a data scientist instantly. Across big areas of a complex, interconnected economy, the digital revolution may happen instantly, which is very tight in-built feedback loops.
Rather than having a few densely populated pockets like we are doing today, people will disperse as technology is going to make it a lot simpler to do so, and it will be affordable to live. Technology will change where we live – not just in USA or San Francisco, buy in every major city.