Jason Hope, one of Arizona’s most successful tech entrepreneurs, has long predicted that the Internet of Things will be one of the most important developments in the last 100 years.
By 2020, says Hope, the Internet of Things will have seen a total of $6 trillion in new investment. Hope believes that the number will only grow from there, as companies begin to realize the gigantic anticipated gains in efficiency that the coming technologies will offer.
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Hope realizes that there are double-edged aspects to the mighty sword of technological innovation. For example, he freely admits that many truck drivers, a job that employs nearly a full 3 percent of the U.S. workforce, will become permanently unemployed. But Hope sees this as a completely surmountable problem. He believes that, as workers become unemployed, things like forced maximum work hours and the universal basic income will start coming in to pick up the slack that underemployment leaves in many people’s lives and budgets.
Jason Hope also believes that the benefits will far outweigh the costs. Just in the case of automated delivery vehicles, Hope sees the efficiency gains as being so massive that the price of consumer goods will likely fall across the board for everyone. Hope notes that one of the reasons inflation has stayed relatively low in the last few decades is that the price of many consumer goods has fallen dramatically. This has occurred even as costs like healthcare have gone up by 10 times or more, adjusted for inflation. Hope says these developments will continue staving off inflation indefinitely.
Find more about Jason Hope: https://www.business.com/articles/jason-hope-iot-security-problems/