If you're willing to do the dirty work in the 2020s & 2030s, you might just get PAID.🫰💸

Here's why.👇

We're starting to see more manual labor, manufacturing, & industrial jobs get BIG pay bumps. The most popular example right now is UPS drivers making $170k. Some work-from-home computer warriors may be upset, but prepare for this trend to potentially continue.🤷

Over the past few decades, the incentives in the U.S. have led to an increasing percentage of talent & human capital moving toward software, healthcare & the financial sector. When we zoom out, this is (at least in part) due to American manufacturing & industry becoming less profitable as a result of a perpetually (and artificially) strong $USD — the downstream consequence of a fiat monetary system & USD hegemony (but I digress).

Couple this with the fact that people seem to be startlingly & increasingly lazy. Society was soft before COVID, and the pandemic added even more down feathers to the workforce pillow🪶. Seems like everyone & their cousin's mother wants to sit at home in front of a computer...drinking smoothies, petting their Aussiedoodle, and doing yoga throughout the work day. Nobody wants to get their hands dirty.🛠️

"The MBA graduate from a mid tier school that's making excel spreadsheets that get read by 2 people and don't do anything....they aren't necessarily providing value."

—@jimmysong

To use firefighting as a labor example, 10 years ago our department had literally 10x as many applicants as are interested today🤯

There is a shortage of real labor, especially skilled labor, and with US industry & manufacturing desperately trying to reshore & catch up as the world starts to de-globalize, those willing to step up are going to get compensated for it.

Demand for labor is high.

Supply of labor is low.

In today's environment, those who get off their ass may be increasingly rewarded. And in our view, there's a real chance that amidst this low labor supply, unions may actually strengthen considerably. Although computer warriors might b*tch & moan about it...this jealousy from the confines of home offices is likely to continue until the work force improves.

Bitcoin Park, I hope?

Any Kenyan nostriches around?

Heading to Watamu tomorrow and would love to learn about the local communities 🇰🇪

Something similar to what happens here in Venezuela.

Here opening accounts in dollars in national banks is a whole process and also with certain disadvantages. The exchange rate is that of the central bank, which is always a percentage lower than the real street price.

In addition, there is the big problem that by order of the State, it is not possible to make transfers between the same national banks. In addition, most banks have no connection with the international system.

And it has been about two years since the State allowed the opening of accounts in dollars because it was forbidden even in the midst of hyperinflation.

A total absurdity the control of the State over private banks in Venezuela.

I just filmed a small thing with a local videographer in Egypt.

I asked him how he protects his savings from the recent inflation, and he said gold and real estate.

He does local work but tries to also do a lot of freelance gigs for international people paying in dollars online. The dollars get converted to local currency by his bank, but at least his income keeps up. Most Egyptians have income denominated in local currency, and if the local currency gets cut in half relative to the dollar, it is not as though they get big raises to keep up- they just make fewer dollar equivalents going forward. Unit anchoring bias works against them. But people who do foreign work just keep charging the standard dollar rate so their income goes up a lot in local currency and remains basically flat in global terms.

#BrokenMoney