Innovation Trends Retooling the U.S. Economy. Why it Should Matter to Investors.
October 14, 2014
We have identified three major trends that are transforming the U.S. economy. Automation of knowledge work and advanced robotics are two trends that may result in short term job losses. However, we found that improvements in industrial production may drive unemployment lower over time. Advances in energy technology comprise the third transformational trend, and are driving a production boom and a decrease in energy prices. The combination of these trends has contributed to increase U.S. competitiveness and is driving the transition towards a re-industrialization of the U.S.