\u003cp\u003e\u003cb\u003eThis book examines the economic logic of the significant variation in growth over long periods.\u003c/b\u003e\u003c/p\u003e\u003cp\u003eWhatâs necessary for the U.S. and other developed nations to realize stronger growth and more equal incomes? Whatâs necessary for families to feel vacations, college educations, and retirements are possible? Will artificial intelligence (AI) automate or augment workersâ jobs? Will the 2020-2021 global pandemic be sufficiently disruptive to deliver fundamental transformation?\u003c/p\u003e\u003cp\u003eEconomic success in the decades ahead will depend on the willingness of households, businesses, and governments to innovate and change ways of living and working.\u003c/p\u003e\u003cp\u003eTo explore these questions, the 4th Industrial Revolution is a unique frame to assess global economic transformation, providing a point-in-time reference for placing current events in the context of sustained, multi-decade periods of faster and slower growth. Political, social, and economic metamorphoses have accompanied each revolution.\u003c/p\u003e\u003cp\u003e\u003cb\u003eThis book examines the economic logic of the significant variation in growth over long periods.\u003c/b\u003e\u003c/p\u003e\u003cp\u003eClimate change and the global warming consequences of fossil-fuel technologies will need to bring about a new energy technology and, if successful, result in renewable energy sources, reducing energy expense.\u003c/p\u003e\u003cp\u003eThe success of the 4th Industrial Revolution is not assured. While the future is uncertain, history suggests success requires that barriers are addressed, workers and businesses engage in the necessary change, and a positive policy response provides the needed leadership.\u003c/p\u003e\u003cp\u003eThe book proposes a Growth and Fairness Agenda and a New Social Contract through which stronger economic growth and more equally distributed incomes can be possible.\u003c/p\u003e\u003cp\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eRecognize traditional policy actions may be insufficient to achieve stronger long-term growth.\u003c/li\u003e\u003cli\u003ePromote improved confidence and a positive outlook among small and medium enterprises.\u003c/li\u003e\u003cli\u003eEncourage advances in AI technology while addressing risks and fairness issues.\u003c/li\u003e\u003cli\u003eSupport deeper worker engagement between business leaders and workers.\u003c/li\u003e\u003cli\u003eSeek a new social contract among workers, businesses, and governments.\u003c/li\u003e\u003c/ul\u003e
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