Monday, December 26, 2016

We Believe In Fables

Vasu Reddy from Chicago

It is perhaps sub-conscious, but all human beings have heard, read, dreamt and thought of Arabian Nights, mythology and Disney Land.  From early childhood we are trained to believe in a land that is far away, full of fulfilled aspirations and desires.  Our religion, our literature, our societies, our families, our friends, our teachers, our surroundings, and in general everything around us allow us to look at things (both material and spiritual) that are at some point of time in the past described as what we should aspire for. It is with time and opportunity the individual aspirational attitude is driven.  Gone are the days when people aspired to join the independence movement and becoming a public servant. Now becoming a doctor or engineer (still in some communities), or a software engineer is probably in thoughts of most young ones, and also perhaps the last days of aspiring to travel or move to the USA for work.

There is no doubt that every generation will aspire to become more financially independent than the past generation.  Being financially independent and taking care of the family is the paramount aspiration for every one, and finding a place where that is afforded is the preferred destination.  Perhaps the definition of what is right/wrong might not differ with generations, but certainly our aspirations will be driven by what the rest of the world is doing and what opportunities exist for financial security at any given time.

After the World War II, and the Indian independence, pretty much wiped out the British, Spanish and Portuguese dominance with colonization of vast territories.  The initial days of the world exploiting the internal combustible engine fostering easy travel, societies and people have become mobile and willing to move from place to place seeking work and freedom.  The advances in telecommunications, internet and mobile communications have certainly created a new environment to work from where ever you are, while automation and internet have been combining to create a new work place.  As the old saying goes, expect change, it is constant.

For over a hundred years of internal combustible engine, the world (especially the western countries) have gotten used to high rates of employment, high wages along with great mobility.  As all good things begin and end, the manufacturing, farming and heavy industry have seen the transformation to more automation and information technology jobs, along with globalization and cost effective business management.  The large public enterprises continue to look for efficiencies and profitable balance sheet, and the work force changes are as drastic as the technology changes.

The last 30 years of television, telecommunications and Internet have heavily influenced the new age employment.  The global population explosion constantly puts pressure on employment and opportunities, while the transformation of work force is not in parallel.  There is pressure on job and wage growth from exponential population growth.

The comfort factor that had set in with the jet age, all of a sudden is faced with wage stagnation and employment displacement for the developed societies, while the poor nations look for opportunities to jump on the employment band wagon offering cheap labor.  Although the Chinese flourished for a generation of cheap labor, they have come under increasing pressure on economic tactics and exploited opportunity.  The western societies have seen heavy industry disappear, and wages stagnant while facing increasing global competition to their production plants.

The fable of perfect societies is really that.  Things constantly change with life and industry and economies.  The mindset of the western/developed societies has suddenly been put to danger with cost/opportunity for business and employment. A combination of globalization, cost and benefit to the industry, the shift to a technology industry from heavy manufacturing, automation and available work force; all factors make industry reposition and reshape.

While the developing nations vie for more opportunities to participate, the developed nations struggle to find the opportunity for their heavy industry and high wages.  The struggle for opportunity and cost management is more than ever as there are internal pressures within the nations to protect and preserve the economies of the last generation, while the opportunities are in a very different landscape.
The fables will remain the same and opportunities ever changing.  For a way to better and more comfortable place/s the changes and adoption to the changes is the only way to participate.  If we don’t choose learn the new world dynamics and to participate in the rapid advancements, we will still speak of the fables but will not participate in their outcome.

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