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WEALTH

What is happening to the economy? Why is there economic change?

Redundancy, retrenchment, whatever way you put it and whether you like it or not, the conventional job as you know it is fast becoming extinct!

Why are jobs disappearing?

It is due to the developed world we live in, the introduction of new technology, global competition, re-engineering, economic downturns and a host of other factors.

Companies are downsizing, rightsizing, restructuring, as well as merging or takeovers taking place.

Truth be told, there is nothing strange or unusual about this and it is certainly not unexpected. This is economic change which is creating new and unfamiliar risks as well as rich and rewarding opportunities for those that possess initiative and facilitate the change.

One of the benefits of the New Economy is a new social equality. There was a time when access to capital was the key factor for success. This is no longer the case this day in age as someone can land in this country for the very first time with just the clothes on his/her back and a determination to succeed, then go on to build a multi-million dollar empire due to easy access of information and dynamic new markets. This means that there is a “democratisation of wealth” taking place.

Examine history and you will agree that wealth and power have consistently changed hands from fewer to ever increasing numbers of individuals as the economy has evolved from one era to the next.

For example, the “Industrial Revolution”, which occurred in the seventeenth century and which created massive new wealth at the time took place over centuries and led to widespread social, political and economic upheaval. The wealthy class of the day, the landed aristocracy and gentry, found themselves displaced by the brash new factory owners.

This great shift in power is underway NOW! Not unlike the “Industrial Revolution” which created massive new wealth in the seventeenth century, “Intellectual Distribution” is set to cause another widespread economic upheaval.

Intellectual Distribution is simply the sharing of specific information about new, high-quality products or services that result in sales for which you are generously compensated. Oftentimes, the compensation is residual resulting in repeat payments – being paid over and over again - for the one time effort of sharing information.

While the concept of residual income is not new, Intellectual Distribution now gives the average person a fair and realistic chance to earn it and be well on their way to financial freedom.

Ponder on this:

The first technological steps - sharp edges, fire, the wheel, took tens of thousands of years. For people living in this era, there was little noticeable technological change in even a thousand years.

By 1000 A.D., progress was much faster and a paradigm shift required only a century or two. In the nineteenth century, we saw more technological change than in the nine centuries preceding it.

Then in the first twenty years of the twentieth century, we saw more advancement than in all of the nineteenth century.

Now, paradigm shifts occur in only a few years time. The World Wide Web did not exist in anything like its present form just a few years ago; it didn't exist at all a couple of decades ago.