All right, welcome back, I said we get more positive. So let's get straight to it. Now, here we're going to talk about employment and how that's changed. So, recently in the past, you would sort of have your main full time job. You would go to work Monday to Friday, eight hours come home, that would be it. That's how employment was for virtually everyone who had a job 10 or 20 years ago.

However, now with the advent of mobile phones, lots of other technologies, there's a lot of these sort of other jobs that you can get there are a lot more flexible, generally a lot less than the full time jobs, but they do offer a lot more flexibility. So rather than having that one job that you go to the one place for 40 years of your life or at a party, you might have someone that's working multiple Sort of side jobs. So they might be driving for Uber, for instance, they might be delivering groceries to someone as part of instacart. They might have their own Etsy store, they might be writing content for online blogs all around the world. All these, you know, incomes combining into what would have otherwise been a single full time job. And while a lot of people see these as just sort of side incomes and something to do on top of your work, they can actually band together and become a full time wage.

So although these side incomes as a lot of people call them, obviously a lot lower paying than a full time wage, they do offer a lot more flexibility and diverse possibilities for people to do. So while someone might get bored, you know, being in the same place day after day. With multiple these other smaller jobs, they can go to many different locations and kind of mix things up a fair bit. That might be worthwhile. More to someone than a slightly higher wage. It also gives them the option to work when they want as opposed to where they want.

So if you're not really a morning person, really not a clean person, then you can wake up at 10 o'clock in the morning, instead of having to wake up at 6am or 7am, for a normal nine to five job. And you can work from something like 11am, right through to 9pm. If that suits you better, these jobs offer different times and different places for you to work. So that's a definite benefit that's come over the past sort of 10 or 20 years, whereas before, you only had that choice of working nine to five in the one location all day every day. Now, you can still do that. But you also have all these other diverse options that you can take up as side incomes or have multiple of these jobs to make up one full income.

So that's a very positive thing that has come Lightly due to the sort of technology enhancement, this digital revolution as a lot of people call it has also brought about a number of companies that seem to sort of defy what the traditional sense of what a company should be and what a company owns and does over the past few decades or so. So we have things like Uber, which is the world's largest taxi company who owns no vehicles. You have Airbnb, which is the large, largest accommodation provider owns no real estate, Alibaba, the most valuable retailer in the world has no actual inventory. You've got Facebook, who's the most popular media provider in the world again, creates more content. Netflix, the largest growing TV network, lays no cables in the ground like a traditional TV company, mind or Instagram. The most valuable furniture company sells no cameras now.

The other side of this changing environment is that whilst you get, you know, all these smaller jobs in these smaller places of employment that you can cobble together to make one full time job or two separately, you can also do them as side incomes, which is what a lot of people are now doing to sort of supplement their usual income. So they'll have their traditional full time job nine to five, but they'll also have one or perhaps even more of these side incomes that they may do night time or perhaps on the weekend, sort of supplement and get even more money. And all these sorts of changes. All these sorts of different types of work where you can do them either remotely or locally, in small or large doses means that it's made the workforce a hell of a lot more diversified in terms of what is considered a job, and what you can actually do to earn money.

You know, 30 years ago, if you wanted to be a writer, you want to write for someone and earn money. That had to be your full time job, it had to be something that you would go to, for instance, in newspaper, and you would write for them and you will be stuck at a full time job during that eight hours a day. Now, if you want to write as a bit of a hobby, you can also have that earn some extra money on the side by writing for banks or various other even perhaps for new sites, as a bit of a side income and do it from the other side of the world. You can do it in America for a new site in Australia, it doesn't matter. And these are some of the fantastic positive sides to this new technology and this new sort of, you know, information age that we're having at the moment.

Another fantastic result of these more side income types of employment is that previously where you had two parents and a child, one of the parents would have had to stay at home, essentially sacrificing all of their income to take care of that child. Nowadays, though, With these more flexible and location and time independent types of work, that person that otherwise would have been stuck at home earning zero income, can now at least earn some possibly quite a lot of income, doing work while the child's a daycare while the child's asleep, you know, perhaps after they go to bed at night, they can write an article or, you know, do some driving with Uber or whatever it might be. But the point is, they can still contribute to that overall family unit of income as opposed to solely relying on that other parent and being at work.

And that's it. So these are all positive sides to how employment has changed over the years, and how these new more flexible types of work have come into the system. And if you started work 20 or 30 years ago, I'm sure you will have noticed how much has changed in just those 10 2030 years. And the fact of the matter is that over the next five to 10 years and even further things that obviously interchange a hell of a lot more because this type of technology, this type of change is actually accelerating. And that's what we're going to be talking about in the next section about how this technology is not just progressively changing, but is actually changing quicker and quicker and accelerating how much change is happening over the same period of time. So I'll have a chat with you then about accelerating technology.