A change that may have big impacts that he seems to miss, probably because it has only accelerated significantly this year, is the effects of a distributed workforce. I don’t think it will result in growth of the economy, but it will result in a big change in how we live since we’re poised to have less dependence on physical location and more dependence on telecommunications than we already did. And it will change over time who can work, since cost pressure will force business innovation to find ways to employ people who otherwise were naturally kept out of the labor pool from certain kinds of jobs because they didn’t have good physical access to them. If it goes well, it will likely result in a broader spread of who can do what jobs and less concentration in some industries by having a wider talent pool.
This seems to reflect the ongoing effects of globalization: things are getting better everywhere, but are getting better slower (or getting worse in expectation) in places that were already at the top because they have to give up some of their excess luxury bought on labor market inefficiency.
Big conflicts from the losers, people with low skills who benefited from proximity to high productivity industries. Namely: most Americans compared to equally skilled foreigners.
A change that may have big impacts that he seems to miss, probably because it has only accelerated significantly this year, is the effects of a distributed workforce. I don’t think it will result in growth of the economy, but it will result in a big change in how we live since we’re poised to have less dependence on physical location and more dependence on telecommunications than we already did. And it will change over time who can work, since cost pressure will force business innovation to find ways to employ people who otherwise were naturally kept out of the labor pool from certain kinds of jobs because they didn’t have good physical access to them. If it goes well, it will likely result in a broader spread of who can do what jobs and less concentration in some industries by having a wider talent pool.
This seems to reflect the ongoing effects of globalization: things are getting better everywhere, but are getting better slower (or getting worse in expectation) in places that were already at the top because they have to give up some of their excess luxury bought on labor market inefficiency.
Big conflicts from the losers, people with low skills who benefited from proximity to high productivity industries. Namely: most Americans compared to equally skilled foreigners.