New Industrial Revolution: Gap Between Value of Capital and Value of Jobs Widens: Digital Economy Widens Gap between Capital Returns and Labor Income

New Industrial Revolution: Gap Between Value of Capital and Value of Jobs Widens: Digital Economy Widens Gap between Capital Returns and Labor Income

  • March 2018 •
  • 47 pages •
  • Report ID: 5367962 •
  • Format: PDF
The net displacement of workers by machines exacerbates the gap between returns to capital and returns to labor. The upper one percent get increasingly richer and the rest of the people have fewer jobs open to them.

That is the reality of the new industrial revolution. The simultaneous rise of many new trillion-dollar markets is unique in the history of capital experience. Economic activity in the world economies is traditionally burdened with a low growth rate, with a very few technology sectors breaking the trend and growing above 3% per year.

Now, with the new industrial revolution, some even very large sectors will grow as fast as 100% per year. The world economy is forecast to accelerate in 2018, with global growth projected. The new industrial revolution is far different from the earlier industrial growth trajectories. Sectors impacted by the new industrial revolution grow rapidly and they grow big.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.