How the Information Revolution Remade Business and the Economy

A Roadmap for Progress of the Semiconductor Industry

Apek Mulay (Autor)

Buch | Softcover

150 Seiten

2016
Business Expert Press (Verlag)
978-1-63157-589-1 (ISBN)

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Tremendous technological progress in the last half century has exponentially grown productivity as well as increased automation to reduce the costs of operation for businesses. On one hand, ever-growing productivity has reduced requirements for manual labor through automation. But, on other hand, huge unemployment created from reduction of workforce due to automation, has reduced the consumer purchasing power and is indirectly hurting the Return on Investments (RoI). This brings any further progress of technology to a standstill. For technology to progress both supply and demand have to grow. The supply comes from productivity of workforce and demand comes from their wages. Hence, free markets must ensure that wages automatically catch up with ever-growing productivity, with minimal government intervention. To avoid automation from destroying jobs in an economy, free markets should ensure that working hours of workforce be reduced during the waning phase of economy and increased during its waxing phase.

Apek Mulay is Business and Technology Consultant at Mulay’s Consultancy Services.

Erscheinungsdatum	06.01.2017
Verlagsort	Sterling Forest
Sprache	englisch
Maße	152 x 228 mm
Gewicht	245 g
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	1-63157-589-9 / 1631575899
ISBN-13	978-1-63157-589-1 / 9781631575891
Zustand	Neuware