Home » ICT4D Bibliography » Works » The Third Industrial Revolution: Technology, Productivity, and Income Inequality

The Third Industrial Revolution: Technology, Productivity, and Income Inequality

Citation:

Greenwood, J. (1999). “The Third Industrial Revolution: Technology, Productivity, and Income Inequality”. In Economic Review, (Q II), 2-12. Cleveland: Federal Reserve Bank of Cleveland. Retrieved May 20, 2006 from http://www.clevelandfed.org/Research/review99/third.pdf

Work data:

Type of work: Article (academic)

Categories:

Economics | ICT Infrastructure | Information Society

Abstract:

The author examines periods of rapid technological change for coincidences of widening inequality and slowing productivity growth. He contends that while the introduction of technologies offers profits to investors and premiums for skilled workers, in the long run the rising tide of technological change lifts everybody’s boat.