The Us Bureau of Labor reported a 1.0% labor productivity gain in 2017-2018. This number was better across the country than the 0.4% per year gain from 2007-2017. However, labor productivity was still only 1.3% versus the 2.8% labor productivity of the PC-Internet productivity boom from 1995-2007. The lack of a labor productivity boom that matches the multi-factor boom indicates that it is not technology efficiency of the PC-Internet scale. The Nextbigfuture thesis is that the worker on demand, services on demand and cloud services that people and businesses use regularly has reached the scale to move the overall productivity number. However, labor is not really that much more efficient. People are being worked hard. Uber and Lyft drivers are working on weekends and we are working assets harder with X as a service. This level of stronger productivity number has room to run for many years. It will then merge into a larger real AI-robot-self-driving automation wave. It is a real productivity shift because it takes a lot to reach the scale to move these big nationwide numbers.
SOURCE- Bureau of Labor Statistics, Analysis by Brian Wang of Nextbigfuture
Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.