Over the last four decades, labor productivity growth has been painfully slow - one of the reasons for stagnant wage growth in rich world.
How much of the innovation is touching bulk of the population? Mobile is enabling millions get ' connected' and hence get benefited economically. At the same time, social networks are killing creativity, productivity at an equally alarming rate.
The winners of digital race are so few that many startups end up being ' hype pushers' rather than 'world changers'. 100s of them follow the same idea that makes you wonder if it's innovation at all!!
As each of us participate, work, invest in in these, it's critical to separate true value from hype.
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