Category Archive: 03. Past, Present & Future

Apr 02

International trends for main sectors

As economies develop, their three main sectors – agriculture, manufacturing and services – tend to follow specific patterns: The agriculture sector shrinks The manufacturing sector grows initially, and then begins to decline in favour of the services sector The services sector grows In particular, a study of trends in 24 countries over the period 2000-14 …

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Nov 07

Scanning the productivity horizon

First, productivity improvement transformed the agriculture sector providing millions more people with more and better quality of food and drink at more affordable prices Then it was manufacturing’s turn, providing more and better clothes and shoes, white goods and cookers, bikes, cars or planes – all making lives easier and getting from A to B …

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Oct 30

The shape of things to come

What if Professor Robert Gordon was right and innovation has peaked? That would mean no more alternative sectors to employ, even mop up, labour that finds itself surplus to requirements so they end up being low-paid domestic servants (also under threat from robotics), people carers or artists, say Or they indulge in what Adair Turner, …

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Oct 14

Immortality and galactic living beckon?

Recently, some mathematicians claimed to have proved that it is impossible for we humans to live forever, despite what some optimists from the stem cell, genome or cloning camps might say According to Professor Joanna Masel, University of Arizona: “Ageing is mathematically inevitable” – we complicated animals are fated to follow one of two opposing …

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Sep 04

Future lives of leisure, not work?

Technological advances mean that many workers will lose their jobs to automation – but billionaires Warren Buffett and Bill Gates say increasing the potential output of every human being is always a good thing Buffett says: “The idea that more output per capita should be harmful to society is crazy: If one person could push …

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