“The Metaverse is the ideal playground in which the AI can let off steam. The more humans lose themselves in it, the more the AI will take control. That much is certain.” ― Murat Durmus (Author of the book "THE AI THOUGHT BOOK")
What the Metaverse means for poverty is likely gentrification. Perhaps it is not gentrification in the physical sense of the word but conducted virtually. Out with the old and in with the new, the virtual world will displace those that don't have access, financial means, or opportunity educationally. Most importantly, the Metaverse is a rocket carrying the new shiny toy that is the Metaverse to the moon.The Metaverse will consist of 3 outcomes for poverty and listed below in sequential order.
3 Poverty Outcomes of the Metaverse
Three outcomes of the Metaverse will consist of displacement by virtual reality, an increase in poverty, and a decline in job opportunities. Of course, it's notable stating that nothing is ever concrete. Meaning; speculation alone does not suffice. These outcomes are pure speculation until proven otherwise. But, it doesn't hurt to think about real possibilities and the effects they can have economically. That's why we're here.
Displacement by Virtual Reality
When we think of gentrification and the displacement that ensues, we also think of new shops, restaurants, and nice neighborhoods replacing lower-income areas. While it's still highly likely, what will be prevalent is a displacement by virtual reality. A separate and replacement of virtual reality will create a poor class in the physical world.
It's hard to imagine the appearance of the physical world after the introduction of the virtual world. Will it be in ruins like depictions from sci-fi movies? Or, will the adaption of the virtual world cause mother nature to grow over the once inhabited skyscrapers and homes? It's much too early to tell, but what we do know is that not all that move forward move together.
Increase in Poverty
An increase in poverty is inevitable, considering the rise in career opportunities only for those willing to learn code. Learning code is now and has been integral in the steps leading to the Metaverse and the virtual world. But, not everyone has the opportunity to learn. Whether it's limited access to computers and wifi or the aptitude to learn, individuals that can't tap into the virtual market will face income challenges.
Labor intense jobs will not be necessary for a predominately virtual society. Realistically speaking, it's much more costly to exercise the economy through physical means. The United States is already experiencing an increase in resignations as people shift to working from home virtually in any way that can make ends meet. Yet, we will start to see much more in the future.
A Decline in Job Opportunities
Job opportunities are a vital economic staple to consider. Without them, it's hard for parents to provide for families or even consider having one. Think about what kinds of job opportunities the Metaverse and virtual reality consist of and ones that we've stated earlier; it will create an enormous gap in job opportunities and has already taken effect. Although companies are hiring like wildfire, they lack people will the skills for the job. If companies continue to exclude educational opportunities for their employees and prospective employees, then we can expect to keep seeing a decline in opportunity on both ends.
“The Intelligence Supernova wouldn't happen simultaneously for everyone at once, though. Some people may choose to stay in their biological form longer than others who would choose to 'migrate' to the Metaverse. For individual human minds, this 'Novacene' event would basically signify a 'pseudo-death,' i.e., self-transcendence. It's when you suddenly become 'someone bigger.”
― Alex M. Vikoulov, The Intelligence Supernova: Essays on Cybernetic Transhumanism, The Simulation Singularity & The Syntellect Emergence
The Metaverse & The Outcome
It's a challenge to find a single point in history where poverty is not prevalent. And, most think that's it's impossible. It's not entirely disagreeable either. What the Metaverse means is a substantial shift in reality as we know. Whether these three outcomes about poverty will exist in the future is unknown concretely. It's safe to say that what the Metaverse means for the poor is gentrification and maybe not. But, what we do know is that a change is coming. What do you do when things change? You adapt.
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