Tag Archives: economy

The New Service Economy

As our transition from agriculture to manufacturing shifted the focus from food to material wealth (commodities), we are undergoing a similar shift now where material wealth is becoming as cheap as food became during the industrial revolution (introducing similar problems of overabundance). As material goods were the most valuable things before the industrial revolution, ideas and information are what’s most valuable now–in other words, service industries. This has implications across the economy not just concerning which businesses will make the most money, but how most of that money will be made. Continue reading

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