GLOBAL $$ REVOLUTION
HOW TECHNOLOGY HAS CHANGED THE ECONOMY

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                     Cycles of Economic Revolution in the United States: Past and Present

Agricultural
Revolution

Industrial
Revolution

Technology
Revolution

Information
Economy

Global Integration

1650-1860

1861-1970

1971-2001

2002-2007

2008-2018

210 years

109 years

30 years

5 years

10 years

Farming

Manufacturing

Computers

Data

Internet

Farmers: raw surplus products, tobacco, lumber, cotton

Early Machinery
motor driven using gas, water, wind and electricity.

Advanced Machinery
computer chip driven using electricity.

Collective global Information & advanced
Communications

Regional development of intelligent communities

The chart above uses columns to separate the various economic revolutions that the United States has gone through since the colonists arrived in 1650.  Observe how time has shifted from 210 years during the agricultural revolution to 30 years during the technology revolution.  First machinery and then technology cut the time we have to learn it in half and today we have very little preparation time from one generation to the next.  Parents often don’t know how to use computers and can’t teach their children.  There isn’t enough time to share intergenerational secrets and success at the family dining table.  What’s more destructive is our grandparents and parents; who are full of knowledge and experience and still youthful; are often cut out of the process of earning a living in the information economy.  I’ve relied on generally well-known public information from historic records to define first four periods of economic change.  The fifth column on the right, Global Integration, is of my own projection based on current trends in trade, industry and economic change.  A closer look at this chart will tell you a number of things. 

1) The chart read from left to right and top to bottom. You can see that there are five distinctive periods of economic change each lasting fewer years than the first and each a result of mastery of  machinery\technology. 
3) The fourth row defines both the primary industry and the key skills needed to drive that industry forward. 
 
2) Highlighted are the trends and number of years which have impacted our intergenerational family conversation regarding work, training and education.  We've had about 5 years to master advanced communications in a way that makes us competitive.
4) The bottom row defines the advancement of the machinery typology also defining periods of machine dexterity, reliability and reliance affecting the number of people needed to complete a task.  Advanced machinery today needs few people to operate.
  
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