4 ms·
The global market was still expanding so all efficiency gains from industrial revolution and the internet revolution were absorbed. Where as today the global ec
by xbmcuser 10y ago
The global market was still expanding so all efficiency gains from industrial revolution and the internet revolution were absorbed. Where as today the global economy is stagnating.
The efficiency gains in the next decade are expected to be a few times the rate of market growth which would put many people out of work making the global market contract further. This cycle could accelerate very quickly.