The industrial revolutions of the 1700s and 1800s transformed the world. They provided a way to improve significantly the Western standard of living in a way that was unprecedented. There is a school of thought that this will dampen economic growth for a long period of time. Although I am personally more optimistic about our prospects, the attached article by Benjamin Wallace Wells raises interesting points. You might find it interesting and helpful as we enter the fall strategic planning and budget preparation time.
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