LAS VEGAS, NV - JANUARY 05: A Mercedes-Benz F 015 autonomous driving automobile is displayed at the Mercedes-Benz press event at The Chelsea at The Cosmopolitan of Las Vegas for the 2015 International CES on January 5, 2015 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 6-9 and is expected to feature 3,600 exhibitors showing off their latest products and services to about 150,000 attendees. (Photo by David Becker/Getty Images)

Read or Subscribe to all Tom Egelhoff’s Daily Blog Posts by Clicking Here

During the late 1800s to the early 1900s five great life changing events happened. Electricity, automobile, flight, telephone, radio and TV appeared on the scene.

All of our lives were changed forever. People moved off farms and into cities and the industrial revolution was off and running.

There became new ways of making money that did not exist before those five inventions became commonplace. But it didn’t happen overnight. There were some growing pains that went along with these advancements.

Working conditions, wages, and taxes all went through a metamorphosis of improvement that took nearly 100 years to accomplish.

Fast Forward to 2015

Where are we today? A large portion of manufacturing has moved offshore. New markets are being opened on every continent. And that was not possible just a few years ago.

Wages in developing countries are advancing to the point where they can now afford our products and companies are expanding daily into these new markets.

Look at the advancements of cell phones and computers in recent years. We can now communicate around the world as never before.

All these ways of making money did not exist just a few short years ago.

Are We Beating A Dead Horse?

Why do we worry so much about how money used to be made and ignore the opportunities to make even more money today?

That makes no sense to me.

Instead of making washing machines in some factory we make something else just as profitable in a smaller physical footprint.

We can 3-D print machine parts and even walls of buildings.

Physical labor will always be needed but not to the extent that it was 40 years ago. Backhoes have replaced 100 men with shovels.

A single farmer can do more in a field in a day than a farmer used to do in a month.

Automobiles come off the assembly line in seconds — not hours.

Some Final Thoughts

The point is this. There is no reason to fear the loss of jobs or income from one industry, when it will clearly be replaced by another industry that might not even be discovered yet.

The great thing about this country is that innovation is unstoppable. The best buggy whip maker in the world is no longer around. Not because of their quality but because of their need and demand.

Horses used to be indispensable in the field. Today you’d be hard pressed to find one out outside of an Amish community.

We are simply passing through another evolutionary process to the next level.

Your children and grandchildren will be living a lifestyle we can only dream of.

If you could teleport someone to 2015 from 1915 how amazed would they be? Imagine if we could go to 2115 and look around a little bit?

Read or Subscribe to all Tom Egelhoff’s Daily Blog Posts by Clicking Here