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businesses appear to be the result of both labor-saving technological changes and the outsourcing of parts of production to independent contractors in low-cost foreign locations. These concerns can be heard in many places: the sobering survey by Michael Porter and Jan Rivkin in HBR's special March issue on U.S. million workers, at U.S.
As Harvard Business School’s Michael Porter and Jan Rivkin have noted, strong supply chains bring “low logistical costs, rapid problem solving and easier joint innovation.” For example, a “mom and pop” Main Street shop has different financing needs than a high‐tech startup.
Every company needs infrastructure – roads, bridges, ports – and every company benefits from the new technologies made possible by basic scientific research. Starting around 1980, however, shifts in technology, geopolitics, and governance changed the game. Every company benefits from an educated populace.
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