Feudal Future
We’re nearly two years on into this Pandemic and the World has been permanently altered. We have moved to a two tiered system. Where the middle and upper middle class have moved to a remote first world. This trend is not slowing down, the exception being Campus companies. And everyone else has been relegated to in-person. The new feudal Crypto-Caste system is now in full swing.
The differences are now stark. Between the people who can move and the people who cannot.
The pandemic killed most of the opportunities for the bottom end. Lockdowns killed businesses, services, and tips. The Education System seems even more ridiculous with high fees and the continuation of virtual classes.
Learn to Code a meme previously became a reality for many. The future is bleak for many of these people. Because the tools and skills needed for the new World are far different than the old one. Sales no longer needs a face to face connection. Those who have gotten by looks alone are in shock if you removed their mask.
People are now realizing the pointlessness of Middle Management.
But if you're reading this, this is a rehash of what you’ve seen and experienced.
Cutting the Ladder Out
The tools of the middle class to climb the rungs of wealth and success will continue to diminish from the traditional avenues.
The middle class have mostly used real estate to cement their status and move up the ranks of class over the previous centuries. However in a remote first world this is no longer the case. Homes are now more of a burden than ever before.
Now with Asset Inflation many are liable to disagree about Real Estate as home prices are up 30% and are past 08’ levels now. Indeed they are, but these prices are only if you can offload the home. Major city homes are more so a game of hot potato now rather than an investment. And with most companies (except ones with campuses) moving to remote first many people are going to get burned.
Seattle, New York, or London can’t command as high of a price if every major company allows their employees to work from Antigua. Most won’t make that radical of a jump, but that is the future. Homes and their prices are the optimists view on an area. The market hasn't figured that out yet.
We’ve seen the rise of prices in Texas, Miami and other more “Vacation destination” Areas/Cities. This is going to be the trend until people realize, this is, or can be a global phenomenon. Partly leading to the sovereign individual revolution, among other factors.
With the largest purchase of the middle class being mostly destroyed unless they lucked into the right stocks.
And more taxes are coming. With the EU and the UN have suggested a global tax mimimum. The Media and the United States Government have hinted at various proposals. Biden has said their Green New Deal Infrastructure bill will be a “Net Zero”. This means funding of several billion dollars will be done in new and innovative ways. Even if you aren’t American it will be the model for many other Nation-States if they haven’t enacted these policies.