C. Scott Brown
Google earns a lot of money. In the first quarter of 2019, Google earned over $ 36 billion in revenue. That's about $ 400 million every day. The yield rate is currently about 23 percent, so it is worth $ 92 million every 24 hours.
Although the company earns cash in many different ways, it primarily earns revenue on the back of your Google data.
When using Google products – including Google Search, Gmail, Google Maps, and anything else with Google – the company monitors how you use these products. It builds a profile for you based on your use, then uses this information to match the products and services you'll probably enjoy.
With this system, Google can help advertisers determine the exact demographics they'd like to advertise. This revenue stream accounts for the bulk of this $ 400 million daily cash flow.
In unsafe circumstances, you help Google to make the most of that money. In return, you can use most of Google's services free of charge. But is it fair?
What if you earned the money that your business earns from Google? What if it's part of those $ 36 billion earned in the last quarter of yours?
How much is your information worth? We still do not know
How much your specific data would be worth would be the complete information in this hypothetical scenario of Google Data Profit Sharing. Unfortunately, Google and other companies with this business model, such as Facebook, are not required to disclose this information.
That could change in the future thanks a two-tiered account that will force companies like Google to give details of what each person earns in the Google Ecosystem for the business. The draft would, among other things, make the company's obligation to individually inform the customer of how much money he has earned for that company.
In the case of Facebook, there are estimates that an average user earns $ 7 a month. Teenage users can earn Facebook from $ 11 to $ 14 a month. These are just estimates – actual numbers can be much higher.
Google has no obligation to inform users of how many of them are removing, but this could soon be changed.
Suppose Facebook earns $ 10 a month from the average user. If Facebook shared 5 percent of that revenue with each user (the number I randomly choose), this would mean that each earns $ 0.50 per month from using Facebook. This is a difficult amount.
However, that's just Facebook. What if you also made a cut from your Google data, as well as any other "free" services where your data is mined, including YouTube, Twitter, Reddit, Instagram, apps like Tinder, and even the Android operating system itself ? When you combine all this together, you set a consistent income source box from multiple sources without any changes in your current lifestyle.
Of course, revenue could be small, if Facebook is any indicator, but the concept exists: earn money passively by helping other companies to make money.
If you get a share in Google's earnings data, that would be similar to UBI
While you make a few extra dollars each month from your Google data, you may not be significantly altering your life, this would be an additional passive income injection. Money earned not from work, but simply from the existing one. Basically, it would be similar to Universal Universal Income (UBI).
There are many variations on the UTD, but the general outcome is that each individual in a particular area of the government every month receives enough money to cover basic living costs. This would include rent, food, transportation, and even internet access. Depending on the world, the UBI could be from hundreds to even thousands of dollars a month, which is simply passed on to citizens.
The idea of UTD was due to the delays of prominent economists because the economists have pointed out it not only with the brilliant idea of increasing the quality of life of an average person, but also as a way of stimulating the overall economy. Even successful tests of UBI's introduction in countries like Finland and failed tests in places like Canada.
The concept of universal basic income is a tough pill that many people suck but the revenue share with Google can make it easier.
However, UTD is such a dramatic departure from the way society sees the value of a person that it will take a long time to be adopted on any big scale if ever it is adopted. Especially here, in the United States, personal "value" is essentially related to how much they are doing and how much money they earn for this job. Changing this would be a fundamental change in our values, which would last long and probably caused more than a few conflicts.
This concept of beneficiaries who receive part of the money they earn for businesses like Google could be a way for citizens to move slowly to understand how UBI actually worked. In other words, sharing big business revenues could act as a springboard for people who leave the concept that the only way to survive and work life is to work.
What if it's a revenue future?
Whether or not Google accepts revenue sharing for your data or revenue sharing leads to UBI's social acceptance, the concept of making money by using free products that, in turn, helps the company to make money can be a future revenue.
We've already seen this feature with a Google product called Google Opinion Rewards. With this app, Google will occasionally send you surveys or questions about your life. By answering these questions, you get small credits (from $ 0.10 to $ 1) that can be used to buy stuff in the Google Play Store.
Perhaps we will never see revenue sharing with Google, but something has to change in terms of how we make money.
Of course, this is not a big deal and you can not use it as cash, but the concept is very similar to this idea that your Google data is making money. In the case of a Thinking Reward, you actively submit data to the company. The only difference in revenue sharing for your Google data is that you will earn using your Google products as usual, instead of performing an active assignment.
This could be the long-term solution we are looking for when it comes to revenue future. As robots come and subvert work to people and artificial intelligence eliminates the need for people to carry out rogue tasks, we will find ourselves with a massive population and out of work for these people. If our system of wealth values is still based on the idea that people must work at work only to live, we will face some serious problems.
What do you think? Tell us your opinion about this in the comments.
GO: How does Google make money from Android?