Reviewing the and the Rest of Your Life

18 months ago, Nextbigfuture looked at the World and the rest of the life of a middle aged person.

There was a consideration super-technology, debt, growth, jobs and living the next 45 years.

World Jobs Now

18 months ago the World was at 5.6% unemployment. Now, the UN’s International Labor Organization predicts 1.6 billion informal economy workers could suffer “massive damage” to their livelihoods. In the second quarter of 2020, COVID-19 may cost the equivalent of 305 million full-time jobs.

Poverty and Recession

In 2018, there were about 3.5 billion people that were employed.

The Covid-19 pandemic has put 265 million people globally at risk of starvation and India is expected to add 12 million more poor to its population.

The global poverty level will rise for the first time in 22 years.

In 2018, the article noted that every 6 to 11 years there has been a recession in the USA. A prediction was made in 2018 that will be one to three recessions before a 50 year old person retires. There has now been in a recession in 2020.

Debt and interest

In 2018, interest rates in the US were at 4% levels. After the Great Recession, interest rates were at about zero for many years. The Federal Reserve rate went up to 2.5% at the end of 2018 but is back down to zero.

US had $20 trillion in debt in 2018 but this is now at $26 trillion.

Ten year treasury interest rates are at 0.88%.

Technology

SpaceX is continuing to execute. The World will be greatly changed with a fully deployed Starlink satellite network. There will be competition for internet providers. SpaceX will change the World with the fully reusable Super Heavy Starship. It will enable space colonization and one hour travel for people and cargo around the World.

Tesla is leading the charge to electric cars. Almost all new cars, trucks, semis and buses by 2030 will be electric.

There will be massive advances in gene sequencing and DNA writing. DNA will be used to store exabytes of data.

Life extension, aging reversal, biotechnology and genetic modification will be making huge breakthroughs.

AI and several narrow artificial super-intelligence will emerge. Full artificial general intelligence will require several breakthroughs.

The big supertechnology breakthrough that will occur in the ten-15 years will be the emergence of full blown molecular nanotechnology. This will be used to improve computer capacity and speed by over a million times.

Written By Brian Wang, Nextbigfuture.com