More and more things are becoming subscription based. At the same time, megacorporations are merging together. 20 years ago, people bought physical VHS tapes of movies. Nowadays, we pay a monthly fee to Netflix in exchange for the service of being able to watch movies. Subscription based utilities (water and electricity) are being privatized nearly everywhere (handed over to the megacorps). Very few people own houses, instead paying a "subscription" to their (increasingly corporate) landlords.
The coroporations that collect these subscriptions are merging together. Once one big tech company achieves hegemony in a particular industry, it becomes hard for competitors to survive. As the company that is dominant in a particular industry begins to grow, other companies sell themselves to the big one in order to make money. We saw this happen with Facebook and Instagram. Instagram was unable to compete with the rapidly ascending facebook and ultimately merged with its competitor.
If these trends continue, eventually we will see a situation where a few megacorporations dominate the economy and "rent out" their services to consumers (the "Netflix model"). Amazon prime, Spotify, and YouTube Premium are all examples of this. While the "netflix model" originated in Big Tech, it is spreading to other industries. There exists a very real possibility that, as wages fall and consumers are unable to individually purchase products, nearly everything could become a subscription. In the 2020 World Economic Forum (Porky convention), many tech leaders speculated at replacing the consumption of physical goods with renting them out via an app, literally paying rent for a table.
Another factor in the our economic future is automation. In the past, automation was focused primarily in industrial that required physical work and typically increased worker productivity while generating new jobs. The automation of the future will replace both blue collar and white collar workers. Those who own these new Automated Workers (Automation bourgeoisie) will grow tremendously rich while the original workers will become unemployed. The newly unemployed workers may resort to selling their labor in an all encompassing "gig economy" by performing servicePost too long. Click here to view the full text.