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