Winner takes all

November 27, 2019 admin123@ No comments exist

cat licking its lips

Winner takes all

Winner-takes-all nature of modern markets means top firm benefits don’t impact the whole economy, as in the past.  Bank of England data: the most-productive 1% of firms raised productivity by 8% a year from 2004 – 2014.  The other 99% barely raised productivity at all.  Highly successful global companies can still leave much of their domestic workforce & economy behind 

Guessed the Word?       Series 51 (7/7)         pic: shubhankar sharma

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