Upgrading Humanity: Declining Costs

in Threespeak4 years ago

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There is a trend that we watched over the last 30 years in computing and digitization that is spreading. It is one where costs were pushed down yet the product that was received was remarkably better than previous generations.

In this video I discuss how this trend will be mirrored in a few other industries causing a major drop in the cost of living.


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There needs to be some progress in reducing the cost of aging. People are living longer, but not necessarily in the best of health. Often this wipes out retirement savings.

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Summary:
The video discusses the impact of digitization and computerization over the past 30 years and how it has transformed various industries leading to increased efficiency and decreased costs. The speaker explains how advancements in technology have revolutionized information sharing, photography, and communication networks and predicts a similar impact on other sectors like energy, food, transportation, and material science in the next 15 years. The speaker forecasts a significant decrease in the cost of living due to technological advancements and trends, emphasizing how these changes will reshape daily life and household budgets by 2035.

Detailed Article:
The video opens with a focus on the profound changes brought about by digitization and computerization in the last three decades. The speaker highlights how advancements in processors, software, and memory storage have led to increased output at lower costs, transforming industries and information dissemination. Notably, the shift from physical to digital information sources like newspapers and encyclopedias to instant access across various platforms is emphasized.

Moving beyond the impact on information, the speaker delves into the potential transformations in energy, food, transportation, and material science sectors. Drawing parallels to the drastic changes in the past 30 years, the speaker predicts a similar revolution in these areas in the next 15 years. Key points include the expected decrease in household expenses due to advancements in construction, medicine, and food technologies.

A significant focus is placed on the decreasing costs within various industries, such as the plummeting cost of solar panels and the potential impact of gene editing technologies like CRISPR on oncology treatments. The speaker paints a picture of a future where medical treatments, construction costs, and energy expenses are substantially reduced, impacting household budgets positively.

Furthermore, the video addresses the necessity for individuals and leaders to understand and adapt to these technological advancements. The importance of foreseeing and leveraging these changes is stressed, citing leaders like Elon Musk and Jeff Bezos as examples of individuals who comprehend and drive innovation in successful companies.

In conclusion, the video presents a compelling argument for the forthcoming technological advancements and their implications on society. The speaker highlights the necessity for individuals to anticipate and adapt to these changes to thrive in the evolving landscape of technology and its influence on various sectors by 2035.

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