The Human Switch

 The Human Switch

It is time to wake up before things get tightened around us. The more we use technology the better life will be. But any technology that turns out to harm life should be discarded at the first instance.

There are two ways of looking at technology when it comes to life. One is to use technology as a tool to live a good life and the other is to simple surrender our lives to technology. In the first case life gets better and better as technology improves with all finer qualities. But in the second case technology plays the role of a spoiler.

Commerce is a business of buying and selling products and services. Technology brings in more flexibility with low-cost options to enhance the art of commerce. But when the same technology turns in to extinguish the foundation of commerce everything around us change.

An existing market can be refined with better standards; markets can be enhanced with healthy supportive tools, markets can be expanded beyond boundaries but when market starts to shrink, when existing markets start to disappear then all factors that depend on these markets suffer.

The rate of change of market conditions and the rate of change of adaptability should get synchronized. If markets, go too advanced giving lesser time for people to adapt will cause fear and distress. People adapt to something and not to nothing. This something should undergo change in a systematically paced manner.

The sudden boom in the implementation and usage of AI tools is too fast and it is way ahead of people who are left behind in adapting to its presence. A mere downloadable presence of an APP in the mobiles does not guarantee that people have adapted and synced with the technology. It is time to distinguish what is essential and what is not essential and for this exercise the economic affordability plays a key role.

To buy a product or service one has to pay for it. If no ready money is available someone lends and push them to buy it through many media campaigns. By purchasing products and services through borrowings we gain the title of ownership and lose to the title of borrower. When we buy a product with available money, we just switch the title of ownership and stay away from gaining the title of a borrower.

All Apps either free or meant to be free with hidden charges are after something in you. It is time to wake up. Use technology only when it is needed. Anything available free is simply taking something precious out of you unknowingly. If any technology is going to change your living conditions use it, if it is going to challenge your living conditions then discard it.

Did you know that when you sleep everything also sleep without disturbing you. To connect and not to connect is the switch we need to use when it comes to technology. There are still lots of people living happily untouched by technology. Out there are lots of living creatures that live a happy life without using technology. Control technology and do not get controlled by technology.

Changing Landscape

Changing Landscape 

This presentation is a painting of changing Landscape with Economics as its canvas.

Work is to do some activity using physical and mental efforts which results in earning an income for fulfilling set desires. When the word income is removed then work becomes a routine human activity which is simply out of the scope of economics.

Workforce is the total number of human resources available within a nation which can be deployed for work both within the nation and on a global scale.

This Workforce is supposed to be dynamic, in this state all available human resources are put to some kind of work which generates an income. In a static state even if human resources are available, they are not put to use to generate any income.

In a healthy economic state, the maximum percentage of its human resources are put to use as a dynamic workforce to generate income, this can be both within that nation and also on a global scale.

As the percentage of dynamic workforce start to decrease and move into a static state it causes a change in the economic landscape of that nation.

Total Workforce = Dynamic Workforce + Static Workforce

It is important for a nation to monitor its total workforce. More the dynamic workforce more will be the income generated and it will also assist is supporting the static workforce resulting in a safe and functioning economic system.

But in a situation where the static workforce keeps increasing and the dynamic workforce keeps reducing then income will be hurt resulting in a situation where the burden to support the total workforce causes an immense stress on the economic system.

Is the fear of AI taking over many jobs a reality? If yes, then will it be a threat to the workforce?

“Total Workforce = Artificial Intelligence + Dynamic Workforce + Static Workforce” is the new equation

“Total Workforce = Artificial Intelligence + [Dynamic Workforce + Static Workforce]” is a threat condition.

“Total Workforce = [Artificial Intelligence + Dynamic Workforce] + Static Workforce” is not a threat condition.  Here the static workforce needs to be moved into a dynamic workforce with more emphasis on adaptability, skills training and development.

AI is an application of technology in workplace. The use of AI technology ensures maximum productivity with minimum wastage. This will reduce the operational cost and enhance profits. Major component of the operational cost is the labor cost. When labor cost is reduced it can either be in the form of layoffs or reduced pay package.

Layoffs will only enhance static workforce, and reduced pay package will diminish the purchasing power. Diminishing of purchasing power will slow down the economic cycle. The threat of AI taking over many jobs is something that cannot be simple set aside.

Administrators, regulators and the economist have to start working on a new economic model which will ensure smooth and uninterrupted functioning of the economic cycle by integrating the workforce to maximize income under any changing conditions.

It is not a threat when 100 hands and 200 chisels are available to carve and cut, but it is a threat when 100 hands and 200 chisels are available and nothing to carve and cut.

Recurrence of Disruptive Tools

 Recurrence of Disruptive Tools

Disruptive Technology is an innovation that sets new adaptable methods for operation in any designated sector.

Data is a unique element in the chemistry of events across time. Data has three-time stages, data that are accommodative from past, data that are generative in present and data that are predictive for the future.

It is not established in science that time is cyclic. Giving an option that time is cyclic then there will be a whole lot of possibilities to see the recurrence of data in many events that keep happening across the timeline.

Hold, it was true that the climate and the four seasons every year was indeed cyclic, events repeated and data simple recurred in a predictable pattern until the climate change triggered a disruptive pattern.

Before humans are present two doors, one that lead to repetitive events and the other that lead to disruptive events. Data from the repetitive events will be standardized over a period in time. This will make events of future more predictable.

Science and Technology will stop to innovate if the events are recurring and predictable. Things that will be the core of attention will be to minimize errors and wastage.

The other door before humans is that which lead to disruptive events where time is not cyclic, and events do not recur making every data generated unique. In this path of journey, the scope of innovations in science and technology is very high. Every innovation will be aimed to make this earth a better place to live.

Strangely, humans have designed a third door. This third door gives comfort to humans to join the one that is repetitive and also join to the one that is disruptive. Humans use the repetitive door for war, governance, economics and religion. The optics of this segment was more of an authoritative nature with a thirst to have the power to control all global events.

New land exploration, agriculture, animal husbandry, medicine, bioscience, industrial revolution, digital revolution, AI innovations are all part of the disruptive segment. These emerging trends set a new pattern for future there by generating plenty of new data with intrinsic quality for progress.

Here comes the question. It is evident now that both the events of recurring and disruptive nature are happening simultaneously. Who is deciding which of the two doors they have to use? What is the percentage scale they intend to calibrate between these two doors for the rest of the world to simple obey and follow?

Freedom from Econosphere

 Freedom from Econosphere

Freedom is a miracle word because it was given to everyone, but it got lost in the midway. It got lost without a hint and it stays hidden unreachable, but why a miracle, to get something which is not there and to miss something that was there is a composition in miracle.

Earth’s atmosphere is segmented based on the altitude, the upper most layer holding hands with open space is the Exosphere. Between Exosphere and the Earth’s surface are the following layers downward Thermosphere, Mesosphere, Stratosphere and Troposphere.

A full layer of freedom is up there above our head and still we are searching for that freedom which disappeared by miracle. There is one sphere that lays undefined between the Earth’s crest and Troposphere, it is a thick layered blanket known as Econosphere.

Econosphere exists only for the human species and all other species are not even aware of its existence. The desire is to get freedom is truly significant, but it will be worthy to know "from what" we need freedom. The binding through a bond caused the disappearance of freedom. The bondage is made of economic raw materials processed through needs and wants.

Human egos determined to punish the self by getting trapped into an economic bondage to accomplish the fulfilments of desires. There are cases where economic bondages are transferred from one to another through generations due to unplanned commitments leading to debt traps.

There are cases of fresh nature where people walk into these economic traps planted out there, at the cost of ignorance, pushing them slowly to a point of bondage and loss of freedom. If a blanket is thrown on us, we can discard and come out of it, but this blanket is a cocoons blanket spun by us thinking it is a safe zone to develop into a caterpillar and into a butterfly, but this cocoon blanket gets thicker and thicker every passing day.

This Econosphere which is a tight layer is not uniform throughout the globe. This is a man-made atmospheric layer, and it grows thicker and thicker under the new marketing strategy termed as Globalization.

Severe eco-conditions are witnessed in rapid intervals due to climate change, but the world population in many nations are swimming invariably permanently in the undercurrent caused by this Econosphere.

It will be the urgent need and a demand on the part of the economist to develop a non-fiscal economic formula and a new economic order for the world. The present economic order in practice is a man-made economic system and economist need not wait for visitors from outer space to bring in a new economic formula.

A trap is a catchpoint laid to trap a prey by the predator. No animal and bird will lay a trap to catch its own species, humans are different. In this economic trap set out in the society prey stays visible but not the predator.