The share of new Harvard graduates entering finance, which in 2007 reached 47%, has plunged to 20%, according to the Harvard Crimson.
Whether these graduates are about to launch the next technological revolution matters. Innovation drives productivity, and productivity drives real incomes. Bigger pay checks reduce debt and increase spending.
Innovation and productivity are very hard to predict. They depend not just on inventors and entrepreneurs stumbling on the next game-changing product, but on how quickly and widely firms incorporate that product into their operations.
Between 1996 and 2009 productivity grew by a robust 2.7% a year in the US from personal computers, fibre optics, etc..
What’s next, and will your company be among the first to incorporate it into your operations?
Posted by: Paul Robbins
great post as usual!