Thursday, July 13, 2017

Millions of People Can Now Produce Goods for Next to Nothing

Thanks to technological advances people can now make items at zero marginal cost, which essentially means goods are free to produce. Suffice to say, this new development is rapidly changing the future of jobs.

While this is awesome for a capitalist economy, it also has perks for ethical consumption. For instance, it's led to small-scale manufacturing instead of factory labor, distribution of information through the Internet instead of bureaucratic outlets and production of renewable energy at your home.

Watch the video above for a quick Econ lesson to learn how the newest stage of the industrial revolution is changing business as usual.



from vice http://ift.tt/2tNpQ0k
via cheap web hosting

No comments:

Post a Comment