Here’s What Pokemon Go is Doing to the US Economy – And It’s Not Good

As Zero Hedge noted two months ago, the US became an unsustainable service sector-based economy starting in the 1970s onward when service sector employment diverged from manufacturing without a corresponding boost in productivity.

Heres What Pokemon Go is Doing to the US Economy – And Its Not Good4Even Alan Greenspan warned that America is “in trouble basically because productivity is dead in the water.”

There are numerous reasons for this plunge in worker-productivity, from perverted incentives not to work to unintended consequences of monetary policy enabling zombies, but perhaps the most critical driver of recent productivity losses is captured by the following data point:

51% of total time spent on the Internet is on mobile devices – in 2015, first time ever mobile is #1 – to make a total of 5.6 hours per day snapchatting, face-booking, and selfying.

So, while every effort can be made by Ivory Tower academics to solve the problem of American worker productivity, perhaps it can be summed up simply as “Put The Smart-Phone Down!

What Pokemon Go is Doing to the US Economy  12

The problem is that instead of putting away productivity-draining tools, Americans are about to lose several billion more in productive hours.

The reason? This.

Heres What Pokemon Go is Doing to the US Economy – And Its Not Good 4As Zero Hedge reported last week, since Pokemon Go launched last Thursday, has taken America – and the world – by storm.

In fact, the app briefly surpassed “Porn” as the most popular search term on Google.

What Pokemon Go is Doing to the US Economy Furthermore, while we await the first fatality from the game’s zombification of its players, MacRumors reports a couple of incidents related to the game have already begun sprouting up over the past few days, bringing to light a few cautionary tales for everyone delving into the game.

According to media reports, people are getting hurt seeking out Pikachu and fellow Pokémon. They’re also getting a ton of exercise, and occasionally running into trouble.

So how hooked are smartphone owners to Pokémon? Research firm SimilarWeb found some stunning details: for one, Pokemon appears to have already surpassed Tinder in terms of Android Installs.

Heres What Pokemon Go is Doing to the US Economy – And Its Not Good 2It’s not just on installs where Pokémon GO is killing it, on app engagement as well, the app’s usage has been unbelievably high. Over 60% of those who have downloaded the app in the US are using it daily, meaning around 3% of the entire US Android population are users of the app.

This metric, which we refer to as Daily Active Users has put Pokémon GO neck and neck with Twitter, and in a few more days, Pokémon GO will likely have more Daily Active Users than the well-established social network.

Heres What Pokemon Go is Doing to the US Economy – And Its Not Good 1But the most stunning detail is that in terms of Usage Time, Pokemon GO is already taking up an unprecedented amount of time. As of July 8th, the app was being used for an average of 43 minutes, 23 seconds a day, higher than Whatsapp, Instagram, Snapchat, and Messenger!

Heres What Pokemon Go is Doing to the US Economy – And Its Not Good 3At this rate, Pokemon could soon surpass the undisputed attention hog – Facebook. Recall that according to the NYT, the average amount of time a user spends on Mark Zuckerberg’s social creation is a whopping 50 minutes.

The average time that users spend on Facebook is nearing an hour. That’s more than any other leisure activity surveyed by the Bureau of Labor Statistics, with the exception of watching television programs and movies (an average per day of 2.8 hours). It’s more time than people spend reading (19 minutes); participating in sports or exercise (17 minutes); or social events (four minutes). It’s almost as much time as people spend eating and drinking (1.07 hours).

“When you really think about it, 50 minutes is a tremendous amount of time — it’s huge,” said Ken Sena, a managing director and analyst at Evercore who covers consumer Internet companies. “Usually, when a platform expands its user base, the average time spent goes down, because a lot of new people aren’t that active.”

Pokemon is about to surpass this.

Which begs the question: will all those minutes eat away from Facebook use (clearly a negative for FB stock), or will US worker productivity, already abysmally low, decline even further as far less time and effort is dedicated to productive efforts.

The answer: probably a mixture of both, although we eagerly await to see what “seasonally adjusted” excuses tenured economists come up to justify away that US GDP output continues to decline even more in the coming months and years, and nobody can figure out the reasons why.

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

6 Examples of Mainstream Media Manipulation

Is Everything in the Mainstream Media Fake? The world of television and modern media has become a tool of de-evolution, propaganda and social control. Since...

9 Huge Government Conspiracies That Actually Happened

The Government Conspiracies We all know the conspiracy theories — chemtrails, the second gunman who shot JFK, the evolution of the elite from a race...

Music conspiracy to detune us from natural 432 Hz harmonics?

Most music worldwide has been tuned to 440 hertz since the International Standards Organization (ISO) endorsed it in 1953. The recent rediscoveries of the vibratory...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Complete List of BANKS Owned/Controlled by the Rothschild Family

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues? Central banks are illegally...

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

6 Examples of Mainstream Media Manipulation

Is Everything in the Mainstream Media Fake? The world of television and modern media has become a tool of de-evolution, propaganda and social control. Since...

Afghanistan, Iraq, Libya, & Syria – What Country is Next on the New World Order Agenda?

The so-called ‘Islamic State’ is fully financed and supported by the Western military alliance and America’s allies in the Persian Gulf. Fortunately, more people are...

Boom: Thousands of Medical Studies Found to be Useless

I’m talking about little defenders of consensus science, bloggers who love and adore every official pronouncement that comes down the pipeline from medical journals...

The MH17 conspiracy theories came alive

From CIA assassination cock-up to nefarious Illuminati involvement: The MH17 conspiracy theories doing the internet rounds Was MH17 shot down by militants trying to assassinate...

The Agendas Behind HAARP Weather Control Programs

HAARP is a weapon of mass destruction. Radio Waves strong enough to cause earthquakes are controlled by the U.S. military. It’s the largest ionospheric heater in...

Second Mom in a Week Faces Possibility of Jail for Refusing to Vaccinate Her Child

Only days after Judge Karen McDonald sentenced Rebecca Bredow to jail for choosing not to vaccinate her son, another mother is facing the same...

Mysterious Plumes on Mars Have Scientists Stumped

Mars mystery: Enormous plumes detected erupting on Red Planet A mystery is brewing on Mars: Amateur astronomers spotted enormous plumes erupting off the Red Planet's...

How would the world change if we found extraterrestrial life?

How extraterrestrial life would change our world view? In 1938, Orson Welles narrated a radio broadcast of "War of the Worlds" as a series of...