The economy is changing faster than I can adjust.

 

The longer this current war lasts, and economic numbers come out like today's inflation numbers, the longer it takes me to readjust  

The inflation numbers were a bit higher than expected but not to surprising to most analysts.

Is seems inflation is ticking up, unemployment is going up but not a lot.

Unemployment for college educated kids is pretty high and unusual, its thought that AI is why more companies arent hiring young college graduates. 

While men and women are getting hired more to train people or learn new skills and pass on the information to either AI software or other people.

All this turmoil is causing anxiety in peoples lives as people believe they will have a lower standard of life as technology progresses.

At the same time we are seeing people dropping out of the workforce especially men of all ages, basically giving up, which means less men women want to marry causes a crisis in having children to carry on everything. 

We are seeing these trends all over the world.

I believe this will accelerate people starting cottage businesses like back in colonial times.

I believe as people are made redundant more people will earn income by becoming creative, or thus the creative classes. There has been many books on this, so I believe as traditional ways of earning a living decrease people will earn income in ways of doing things they enjoy 

I believe we are already seeing this with people who write online newsletters describing there lifestyle and how to live it, and then earn additional income consulting on it, selling reports on it and newsletters. 

You see similiar on YouTube, where people earn income selling there books or earning from Adsense, or from a Partrian account or something similiar. 

Now you can have a YouTube account where people pay to see private videos, or they can direct you to an Forum thats pay to play where they give investment advice or things like that.

I believe these trends will continue as demand for unskilled labour trends down, even white collar workers will be affected.

I have heard good articles on robots taking awsy jobs from skilled people tradesmen. My understanding is we are five years away from that. 

I believe others will save capital and invest in these new technologies through business development companies and just live off the dividends. 

We already see Covered Call ETFs that can pay 10% to 15% dividends monthly where people invest in them or use margin accounts to buy them and just use dividends to pay margin and use the rest to pay the bills.

I think these trends will continue and change over time because so much capital will be created withthese trends.

Ss tax go up to pay government pensions and universal income, people will leave. As people leave government will have to change tax and how its collected, probably leading to lower income tax and higher tax on capital so consider that. 

I still believe it will be tough for governments to stop wealthy people from leaving high tax states and countries to lower tax places but they will try, fail and markets will readjust .

Look at St. Barts inthe Caribbean. One of the safest places for wealthy people to live, easy to buy clean food, surf, meet other people in your social class.

I believe a place like that for lower income people will be Asia, I prefer Philippines but its not as developed as say Thailand,  but tax is low, regulation not to enforced, safe if you live in the right places, easy to fly to nearby countries, so easy to do business with other locals and expats in nearby countries. 

I like the weather their. One downside is healthcare but its constantly changing and getting better in the Capital. 

You can fly to Malaysia to get testing done easily and cheaply and see doctors there who maybe better.

If you live in Philippines you sometimes just have to accept things as they are in exchange for the liw cost lifestyle costs.

Even with the inflation their costs in dollar terms are still low.

Thats it for now, I think its better not to live in fear and to embrace the change and uncertainty and accept things as they are. Its getting better all the time despite the current events of war in Europe and Middle East, and slowing economy. 

Thanks for reading.