Will Consumer efficiency Breed Economic Downturn for the United States?
Lets supposes that for some insensible, social reason, 80 % of our society decided to become more individually self-reliant, more DIY (Do It Yourself).
Instead of buying processed food and eating out, creating your own food becomes a social trend. With knowledge of such things as swaddling a baby or repairing your own plumbing becoming available at the press of a button on individual Ipod devices, how will the economy alter and evolve to deal with ideas of consumer efficiency? Industry seeks automation and consumers seek efficiency.
In today's consumer world, keeping something back for hard times is becoming the norm. Budgeting, once the realm of the seriously employed, home owner is fast finding a niche in applications that can fit on anyone's hand held device and yield results with a few clicks. Can I afford those shoes, those shirts, that special toy? Click, Click, enter an amount and you have your answer. Impulsiveness in consumers is declining.
We see the stock market manipulating money, sometimes (or most times) artificially creating a sense of movement in the economy. After the dust settles, only a hint of real growth appears. Sometimes no growth at all, a negative. We rarely read news about the homeless anymore but a short trip around the internet reveals that they are still there, waiting for change that will put them out of the car into a job and into a real home. “The number of homeless children reached record highs in 2011, 2012, and 2013 at about three times their number in 1983”, according to information on Wikipedia.
How will our, more efficient, consumers affect our economy in the United States in the near future? Will we finally fall into the economic ditch that the European Union finds itself? Will the protests in Greece become an American phenomenon? Does efficiency within the consumer base breed economic downturn? Will we, in turn, become even more efficient and what implications does this pose for our economy as a whole?