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First & Third Waves of Change Creating a New Civilization The Firs

onomic system based on an infrastructure of ôelectronic pathwaysö is already causing tremendous upheaval throughout the world. As manufacturing jobs continue to decline, with repetitive, assembly line workers replaced by robots, the need for a whole new generation of workers arises. According to the Tofflers, the new era will be a ôknowledge hierarchy,ö with various levels of ômind workö required for activities as diverse as farming, manufacturing and retailing (Toffler & Toffler, 1995, pp. 54-55). In the Third Wave economy, knowledge substitutes for other forms of capital and becomes the central resource. This makes the old forms of finance, inventory, and corporate structure obsolete.

The Third Wave system of wealth creation threatens long-e

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First & Third Waves of Change Creating a New Civilization The Firs. (1969, December 31). In LotsofEssays.com. Retrieved 01:37, May 02, 2024, from https://www.lotsofessays.com/viewpaper/1684005.html