The Next Millionaires, by Paul Zane Pilzer, Success from Home Magazine, published March 2005. 

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Watch the Signs
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The Next Millionaires:

A vast amount of wealth is being created over the next ten years. Here's why--and how you can be a part of it.

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"A Tale of Two Industries," by Paul Zane Pilzer, Success From Home Magazine, November 2005.

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The Next Millionaires, by Paul Zane Pilzer, Direct Selling News Magazine, June 2005.


   page 2 of 9
     In 1974, when the U.S. faced its first critical shortage of gasoline, cars averaged 10 miles per gallon. By 1981, the U.S. solved most of its oil shortage by replacing mechanical carburetors in cars with electronic fuel injectors, raising average automobile gas mileage to 20 miles per gallon or more. This had the same effect as doubling our supply of oil.
     In my book, Unlimited Wealth, I write that it isn’t physical resources that make you wealthy; it is technology that makes you wealthy. Otherwise, Japan, which in the 1980s had the lowest per capita level of physical resources such as land, fresh water and oil in the developed world, should have had the lowest amount of wealth per capita— but it had the highest. The former Soviet Union, a nation with the largest per capita amount of physical resources, would have had the highest level of wealth. But it had the lowest—so low, that by 1991, the USSR ceased to exist as a single nation.

TECHNOLOGY:
WHAT IS HOT TODAY WILL
BE OBSOLETE TOMORROW

    
Look at the sheer speed of technological change in our time. In 1930, there were 30 million farmers in the U.S. barely producing enough food for 100 million people. By 1980, there were only 3 million farmers left producing one and a half times the food required for 300 million people. Is this because they acquired more farmland? No, it was because farmers got more technology and increased their productivity per farmer 45 times and their productivity per farm 100 times.
     In 1980, approximately 300,000 people worked in the U.S. making and repairing $300 mechanical carburetors when the automakers embraced $25 electronic fuel injectors—which doubled fuel economy and almost halved pollution. By 1985, when the last U.S. carburetor plant closed, these 300,000 people were out of work. The destruction of that industry took only five years—one-tenth the amount of time it took for most of 

  America’s farmers to become redundant.
     In 1985, when the digital audio CD came out, about 100,000 people in the U.S. worked making vinyl records. By 1990, there wasn’t a vinyl record plant left in the U.S. and these 100,000 people where thrown out of work.
     Similarly, it took 20 years, from 1976-1996, to go from zero to 135 million VCRs in U.S. households, but only two years, 2003-2004, for the DVD to decimate the VCR industry and eliminate the jobs of almost 100,000 people working with VCRs and VHS tapes.
     Because technology is now changing faster than ever before, in every industry, the person who attains the most wealth is the one who manages or has the most technology versus the most physical resources.

THE WEALTH OPPORTUNITY
TODAY IS IN DISTRIBUTION

     Back in the 1960s, when you went into a department store and bought something, about 50 percent of the retail price represented distribution costs and 50 percent represented manufacturing costs. Over the next two decades, many people became millionaires by finding cheaper ways of making things, often by shipping production overseas and using new materials like plastics. These 1960s entrepreneurs lowered the cost of manufacturing so much that soon, the price of a typical retail item represented only 20 percent manufacturing costs and 80 percent distribution costs.
     Then, beginning in the late 1970s, innovative entrepreneurs found ways to drive down that 80 percent distribution cost. Three entrepreneurs whose companies took off during that period, making them among the richest men in the world, included Sam Walton, whose Wal-Mart stores pioneered the use of technology to control inventory and lower costs; Fred Smith, whose Federal Express company linked the country and
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