This is something I have been thinking about for a few days now. I spent 22 years in manufacturing on the shop floor. I watching the machining industry go from manual machines to CNC (computer numerical controlled) machines. I watched rookie engineers on the shop floor measure and quantify everything. I watched experienced machinists lose their jobs through attrition due to not being needed anymore. These machines were so good that the machines could capture how you created a part and keep that knowledge for future reference. The owners were able to use a craftmans level knowledge, capture it, and transfer it to a less skilled machinist. Basically the industry became far more efficient. Result was far more product with far less personnel.
Today we seem to have a national housing surplus. Result is lower employment. I see China may be facing a housing glut as well. Less need for construction people.
Overall, as a people, I see that we are becoming far more efficient at filling needs. Bringing new things to market happens quick. Clones pop up almost instantly. The new market is quickly flooded and the attention moves on to the next opportunity.
So here is the question, are we as a species becoming too efficient? Is this efficiency causes booms and busts? Am I just full of hot air?:cheers:
Today we seem to have a national housing surplus. Result is lower employment. I see China may be facing a housing glut as well. Less need for construction people.
Overall, as a people, I see that we are becoming far more efficient at filling needs. Bringing new things to market happens quick. Clones pop up almost instantly. The new market is quickly flooded and the attention moves on to the next opportunity.
So here is the question, are we as a species becoming too efficient? Is this efficiency causes booms and busts? Am I just full of hot air?:cheers:
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
