Yesterday, 09:59 AM
That's because it's like asking to predict the future. There is no way to predict what the new wants will be. If we could do that, and time it right, we'd be rich. But someone always does. That's how the market works. Wants are unlimited. Which means there is always an opportunity to provide value to someone. Which means income when the value is traded. I suppose it does take a little faith in the market, but the evidence has always supported it.
But let's not look so far ahead... Let's say I'm a dentist. It's a job that's not likely to replaced any time soon, but there are many others. But if my transportation costs go way down and the price of my goods shrink, now I have extra money each month. Maybe I want to install a pool. I didn't want it before, because it was out of the question. But now I do. The people installing the pool now have a job that they didn't have before. And since the price of their goods is lower, they can repeat the phenomenon.
That's where the income will come from. New wants being fulfilled.