Preserving the World’s Assets

World

A number of megatrends are all converging to drive this move out of concentrated workplaces towards more distributed work. All of these drivers are centred on preserving key and increasingly precious assets to the global economy.

Energy Assets: Peak Oil – Concern is growing to new levels about world oil supply. While eternal optimism abounds in the world’s ability to out innovate and out discover the depletion of existing sources, recent evidence is that the new finds are smaller and fewer, the existing supplies are less accessible and less productive (eg. more energy input is required extract and refine). The commodity of oil is not just a unique energy source in its combination of power and safe transportability, but it is also a critical substance in plastics, construction materials and range of everyday substances and its increasing scarcity represents a major pinch point to global economic health.

Ecology Assets: Climate Change – If the economic costs of oil-supply and demand don’t hit us in the wallet, then the environmental costs of greenhouse gas emissions will hit us there and elsewhere. Not much comment needed on the profile and intensity of this issue. But in terms of what we can do about it one of the most prominent sources of emissions is automobile commuting. 54% of US petroleum used is consumed by automobiles and in commuting to work, the average number of passengers-per-vehicle is 1.1.

Social Assets: Dual Income Social Pressures – One of the most significant contributors to post-war growth in the Western world has been new entrants to the labour force, especially women. While this infusion of economic muscle has been a boon to the second half of the twentieth century, the social consequences of this mass rise of two income families combined with longer and longer commuting to places of work (fewer people live and work in the same city or town), means less parental time to manage the household and intensifying demands to juggle work and home life responsibilities.

Intellectual Assets: Rise of Knowledge Work – Assuming we have enough power to continue running the machines we have invented and propagated to handle brute force and routine tasks, the value-add work that human beings do gravitates increasingly to creative pursuits employing intellectual capital. Increasingly people are recognizing the intellectual waste from sitting in a car and the upsides of each person finding places and environments most suited to their own individual inspiration (a library, a quiet den, a retreat, a café, etc.). MSNBC recently reported (http://www.msnbc.msn.com/id/20829879) people lose on average 1 week per year ‘sitting in traffic…and it is getting worse’ costing the USA $78 billion.