What is the net gain in Germany to be rich?

Winds of change

“The I Ching, or the Book of Changes, is probably the oldest text that mankind has preserved. Yet it surprisingly matches the most modern ideas about the world. "Thus begins the prologue to one of the modern versions of the Book of Changes. Interestingly, this comes from China.

In addition to the conspiracy theories about the origin or reasons that this virus brought us, there is an irrefutable objective reality: we are not the same as a month ago. The world is not the same. Companies are different. Nothing like this Everything has changed and I ask myself the question: will it be the same again when this is over?

I do not think. But it doesn't have to be integrally bad. It will be different. The question is how different and what consequences will it have on each of people's life plans. It is clear that in the social sphere, states have the responsibility to respond decisively to the anticipated imminent economic crisis, especially in the sectors with the most vulnerable populations. In this sense, I believe that a universal basic income will be inevitable, unconditional and irreversible. This is not something new, since throughout history numerous economists, philosophers, politicians and scientists from a wide variety of disciplines have advocated it. Starting with Milton Friedman, considered one of the most influential economists of the 20th century, at the head of "the boys from Chicago" or Hayek in his book "", an icon of Austrian school liberalism. Norbert Wiener, the father of cybernetics, also noted this in 1950 in his book Cybernetics.

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In all cases, this is associated with income levels and social inequality. And in most of them with the automation of the means of production or, what is the same, the conflict between technology and employment.

Today, the IMF (which is not infallible as @marcvidal pointed out this week in a post on the same network) has predicted a drop in GDP of 8% in Spain and guarantees that unemployment will be 21% in 2020, the mentioned basic income is already there. From my point of view, the epidemic has only accelerated it by acting as a catalyst. What else will accelerate?

The purchase of mobiles will change. Consumption methods. Amsterdam has already announced the adoption of the economic model proposed by Kate Raworth of the University of Oxford: the "Donut" model of economics. It seems that the emergence of new forms of business makes sense. Are they all cloudy?

We found that organizations can keep their employees working remotely with consequent savings on the fixed costs associated with real estate. But this necessarily requires changing the parameters by which employees are measured, so in addition to ensuring security, it will be necessary to monitor the performance of the software and the corresponding tools for this. XRM? Computer security? Video conference?

Companies will need much more technology applied directly to their manufacturing processes to be more flexible and remain competitive in terms of production costs, or not ...

Many manufacturing companies are proposing "glocalisation", that is, a return to local conditions in a global environment, and therefore Industry 4.0 must become an unavoidable reality. Companies will need much more technology applied directly to their manufacturing processes to be more flexible and remain competitive in terms of production costs ... or not ... Artificial intelligence? Process robotization? Machine learning? Chatbots?

It is very likely that the sources of value will change and are based mainly on knowledge and, now more than ever, on flexibility if we want to be competitive. These two factors are closely related to technology, or rather to specific technologies that I undoubtedly believe will be key in the next paradigm shifts. There will be chances for those of us who are willing to change.

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