economy, entrepreneurship, new economy

“Morning in America…”

I was driving into work today and a Chevy Volt sped by me. Yesterday a Fisker Karma was parked in front of my office. In Q2 of 2019 Tesla produced over 72,000 cars, including the mass production version Model3.

Technology is bringing a renaissance to American manufacturing. (1) New industries and new job descriptions are being created, even as “old economy” jobs become antiquated and outsourced to robots. (2)

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AI, economy, new economy, retirement

Productivity and Robots

For decades the US economy has suffered from stagnant wages and stifled productivity. While the economy has grown in GDP since 1970 growing from $1 trillion to $18.5 trillion in 2016 and $20.513 trillion in 2018, the American worker has not enjoyed commensurate benefits. Wages have remained flat for decades. 

In the past, studies have shown that part of the reason for this was the development of the computer and its influence on businesses improving efficiency. 

In a new study from London’s Center for Economic Research, the analysis offered by George Graetz and Guy Michaels of Uppsala University and the London School of Economics, respectively, offers some of the first rigorous macroeconomic research and finds that industrial robots have been a substantial driver of labor productivity and economic growth. (1)

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economy, entrepreneurship, new economy, risk management

A Guidebook for the Anthropocene Era

I have written before the current age has been called the Anthropogenic Era, the human era, because mankind is reshaping the geology and environment of the world. The economic system is adjusting to these changes taking place. The economic system set up 100 years ago does not behave or react the same way because the environment is different in which it operates.

The internet is revolutionizing the economy.

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economy, entrepreneurship, key man insurance, life insurance, new economy, protection

Protecting your business, and your legacy

Most business owners, CEOs and executives are laser focused on driving their business or enterprise towards success. They are responsible for preserving and expanding sales and revenue. They are responsible for hiring and firing. They are responsible to investors and stakeholders to manage risk and ensure success. They handle client relationships, research and development, marketing and IT… As leaders they wear many hats and carry a lot of weight on their shoulders.

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