Disruptive Technology and Its Economic Impact
Update: 2023-09-06
Description
In this episode Ivan cites recent PMI declines, while reframing the data that often minimizes the manufacturing sector's share of and relevance to the U.S. economy. A discussion follows on how nominal GDP data is referenced routinely, instead of real GDP. The conclusion is surprising to many - even finance professionals - regarding the enduring significance of the manufacturing sector.
Technological advancement is usually paired with unrest, struggle and generalized economic pain due to shifts in labor market demand. Ivan discusses how this has played out in previously technological advancements, and how it may be playing out today very slowly, but surely.
©2023 Ivan Illan and Aligne Wealth Advisors Investment Management (AWAIM®)
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