Technology Prepares Us For Massive Gains In The On-Demand Economy


During the Gilded Age and the second industrial revolution, the world saw rapid adoption of life-altering technologies -- electricity, rail transport, the automobile, telegraph communications and then the telephone. Thanks to these innovations, companies were able to create and sell products they could not before to people they had not previously been able to reach, in ways they never could have envisioned. That young United States saw unprecedented growth, with total national wealth increasing from $16 billion in 1860 to $88 billion by 1900. Today's evolution looks set to be just as transformative. Disruptive technologies like augmented reality, artificial intelligence (AI) and the internet of things (IoT) are already having an impact.

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