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The Burst Market: the Next Leap for Humanity

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  • Vincent Yuansang Zha

Abstract

Contemporary society grapples with a critical challenge in knowledge sharing: the scarcity of rapid, yet specific advice from relevant individuals. This situation underscores a deficiency in the existing labor market, hereafter referred to as the Conventional Market (CM), which struggles to support "Burst Jobs" - brief conversational tasks. This paper identifies high transaction costs, owing to technological limitations, as the primary reason for this inefficiency, causing huge job opportunity losses and human intelligence underutilization. In response, this study introduces the concept of an online Burst Market (BM), an innovative platform where individuals can instantaneously offer advice for a fee through video or audio conversations lasting as briefly as a few seconds or minutes. This paper examines the BM's potential to revolutionize job creation, alleviate poverty, address aging society problem, counteract AI-led unemployment, maximize human values with "Lifelong Working", and redefine the essence of job and the global economy.

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  • Vincent Yuansang Zha, 2021. "The Burst Market: the Next Leap for Humanity," Papers 2112.06646, arXiv.org, revised Jan 2024.
    • Handle: RePEc:arx:papers:2112.06646
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    References listed on IDEAS

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