I tried to think of many titles for my continuation blog on the teleportation saga but due to sudden scarcity of creativity ended up with what Capt. Jean Luc Picard of Star Trek TNG said before getting teleported. Here is the second episode...
Manufacturing industry was badly hit by this invention and some said that even agriculture would be unnecessary. However, using the technology for production instead of plain transportatition was only feasible for high value items and thus the agriculture and commodity industries survived. Biggest hit was China, which being the world's largest manufacturer of durables and consumer electronics had a serious problem in hand with its huge population.
Before we look at the consequences, let us see other aspects of changes that this technology had brought....
The human teleportation was not perfected yet. It turned out that people came out of it without any IQ. This was taken by all the religious groups as being the sign of existence of the soul. The favourite line of all religious leaders was "You can replicate the body, but not the soul". All research in Human Teleportation was banned much to the relief of the Vehicles manufacturers.
Since human's could not be teleported but human like android could be, Japan moved heavily into the robotics business. Companies like Toyota and Honda saw it as the next big thing.
Although, people still bought cars there reason travel was gradually decreasing. Since you get instantly buy anything on internet and receive it instantly, it became a cool thing to not go to shops. Brick and mortar retail was facing its biggest challenge yet.
One thing to note was that the initial hurdle to teleportation research was from the Oil industry, but now it had become clear that Oil and all Energy industries were the biggest gainers from this invention. Teleportation required energy and we still used the same resource, but in a different way. The ease of sending materials from one place to another became a big reason for increase in the frequency of such exchange, thus increasing the consumption of energy.
So what were the consequences of such wide economic upheavels...
Many became jobless and social conditions changed dramatically. Many became poor due to the stock market crashes for the traditional industries like shipping and manufacturing but many reaped the fruits of investing in new business models with teleportation at the core. There was another stock market bubble with many human teleportation companies opening up and it bursted when a global ban on human teleportation was announced.
The end result was the widening of the rich - poor gap and huge increase in unemployment. Riots were inevitable. There was a repeat of the Tiananmen Square in China but the most interesting thing was that no dead bodies were found...
Any guesses on what had happened?
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