Wednesday, August 12, 2015

Paradox: Stuff will be cheap – but it’s hard to make money creating it

As Jeremy Rifkin points out, for many goods we’re heading to a zero marginal cost economy, where every extra unit costs next to nothing to deliver. Once the design and system of production has been established, whether it’s for software and digital content, pharmaceuticals, an iphone or electricity from solar panels, it’s very cheap to deliver an additional unit.
So lots of stuff will be very cheap – on the other hand, there will be very few jobs in producing it, and you can’t make much doing so.

Getting by will be cheaper, on the other hand: you may be broke.

1 comment:

iK Way said...

Thanks for a good read. Thought provoking.

I thought you may be interested in reading this.