What happened in 1971? + Metaverse jobs
You'll never look at chicken the same.
When talking about “the metaverse” we put quotations around it because here, in 2022, it is a seemingly a far away, yet to be defined, often dystopian concept. While we currently don’t go to meetings or class in a virtual environment supplanted upon us by VR headsets, we do negotiate through Zoom meetings and “hang-out” on Discord servers. We do place supreme value on our online persona to a degree that often surpasses that of its IRL counterpart. I personally can count over five close friends that I have never met in the physical world and this isn’t out of the ordinary.
One could argue we have already entered into “the metaverse.”
One big change bound to come from this shift towards the next generation of the internet is how we, as a collective group of humans, work.
Be prepared, in the ultra near future, jobs like Discord moderators will pay $150k+ per year.
A breakdown of the jobs in the metaverse ⬇️.
Further reading on the metaverse:
Companies building in the metaverse —> Market Map of the Metaverse by Jon Radoff
What does the metaverse do? —> The Experiences of the Metaverse by Jon Radoff
In 1971 the United States completely went off of the gold standard and a bunch of weird stuff began to happen.
First, what is the gold standard? In short, the gold standard means that a country’s currency has a value directly linked to gold. Today, national currencies are all removed from the gold standard and are now defined as fiat currencies. Fiat money basically has value because the government issuing it says it does.
The charts that follow are not all directly related to one single event but more likely a result of complex socioeconomic shifts which could of been catalyzed by the introduction of fiat money.
Productivity has soared while wages have stayed relatively flat. The massive innovation in personal computing certainly has something to do with this but on a pure productivity basis, modern workers should be compensated 2X the rate they currently are on average, or work half as much.
Prior to 1971 the average income earned by African Americans was quickly approaching that of White Americans. This rate began to slow drastically over the last 50 years.
Inflation is perhaps the most intrusive and directly correlated fallout attached to the debasement of U.S dollars.
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There are about 20 more insane charts here also worth examining.
The All-in podcast released an episode featuring their 2022 predictions across business, politics, science, crypto and more that was incredibly insightful.
If you haven’t checked out All-In yet, it is hosted by high-level silicon-valley entrepreneurs and investors Chamath Palihapitiya and David Friedberg as well as inTheir20s podcast alums David Sacks and Jason Calacanis. The four hosts give listeners a true insider perspective into how billionaires think about issues spanning everything from politics to crypto.
Millennial’s brought back Vinyl. GenZ is bringing back the iPod shuffle.
…as a TikTok driven hairclip.
Our much anticipated interview with Miami mayor Francis Suarez about his twenties drops next Monday January 17th.
Follow inTheir20s on Spotify to listen.
