Highlights - The Third Industrial Revolution
summary
GDP growth slows and productivity has fallen for two decades while youth unemployment stays high; only 14% of productivity comes from capital and skills and the remaining 86% of productivity is aggregate efficiency, capped around 18–20% in Germany and Japan. The claim is that the Third Industrial Revolution—digitalization, robotics and the Internet of Things over the next 50 years—will shift value toward shared networks, enabled by cheap connectivity like a $25 smartphone, reshaping capitalism without replacing it.
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chapters (7)
- 0:00Start
- 0:05Gdp Is Slowing
- 0:3020 Years of Slow Growth
- 0:52Aggregate Efficiency
- 1:1420% Aggregate Efficiency
- 1:30Third Industrial Revolution
- 1:48A Digital Revolution by 2050
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