There are old friends, and there is the new. In it, the not yet appear very long in this list, the eyes will. Jeff Bezos, Mark Zuckerberg or Sergey Brin are now among the richest people in the world.
The US magazine “Forbes” has published the latest ranking of the super rich, which is considered as a condensate of economic development. The message is clear than ever this year. Hardly anyone could reproduce his treasure, the most even suffered heavy losses. Only one group can resist this development. The ranks of the digital avant-garde. Amazon founder Bezos has become over ten billion dollars richer compared to last year, Facebook founder Zuckerberg even a good eleven billion.
The list sends a new signal. It reveals not only the progressive power of personalized tech giants. It also results in mind, as the labor market might look in the future: a dichotomy of society into wealthy elites and an underlayer. The middle layer is thinned in this new world. For their ascent owe the “Forbes” -Giganten their creative destruction.
You rule over corporations, which manage with very few employees – simultaneously destroying old business models that have hitherto fed many people. Nothing makes this economic upheaval clearly than the changing of the guard of Amazon founder Bezos and the Waltons, the former head of the family Sam Walton founded the supermarket giant Wal-Mart 54 years ago.
“The company splits into two classes on”
Bezos today is not only twelve billion dollars richer as the wealthiest Walton. Its online store Amazon comes out with much less staff. While Wal-Mart employs about two million, there are the online giants just 231,000. This means that each of Bezos’ employees with an average of $ 463,600 more wealth than twice as much revenue as the Wal-Mart employees. Amazon is no exception. All digital destroyers come considering its revenues by with far fewer employees.
“The company splits into two classes . There will be no middle class, “says Nobel laureate economist Robert Shiller. “It just happened. There is no easy solution.”
In fact, many economists paint already the doomsday scenario of a dying middle class against the wall when increasingly well-paid Jobs are made redundant by the creative destroyer. A prime example is the financial industry. Even in the 90s, she worked in Germany 780,000 employees. Today there are only 640,000 people.
was indeed called a new sub-sector, FinTech In return. However, according to latest figures from EY employ around 250 FinTech companies in this country just 13,000. In the next four years their number is expected to double to 26,000 though. But there are no clairvoyant abilities necessary to know that the traditional banking business significantly more jobs will be lost.
The power of destruction is also reflected in the history of the “Forbes” list. Ten or 20 years ago, the ranking was still dominated by the super-rich, who had built up their wealth slowly but steadily. 1996 found many family dynasties in the top 20 again, as the owner families of Roche Oeri-Hoffmann and Hoffmann, which ranked with a fortune of 13 billion dollars to third.
Main Street and Wall Street uncouple
In elitist “Forbes” -Klub also found that Haniel family in twelfth or the Aldi brothers in ninth again. Moreover, the rich list was characterized by continuity. Both 1996 and 2006, there were Bill Gates and Warren Buffett at the helm. The digital vanguard now provides significantly more movement.
seldom in economic history was in extremely short time created new wealth. How much the new rich of the global economy make their mark, illustrates the very fact that five of the ten largest exchange group emerged from the digital destruction, with Apple, Google and Microsoft at the top.
Michael Hartnett, a strategist at Bank of America Merrill Lynch, already speaks of an age in which the “Main Street from Wall Street decouples” , While it would be huge values on the stock markets, Wall Street created. But the ordinary citizens, the so-called Main Street would not really involved in this wealth creation.
the share of wages and salaries in the American economic output of more than 50 percent in the ’70s has fallen to 40 percent now. Over the same period, the American Stock Exchange index has verdreißigfacht. “The creative destruction has increased the productivity of many companies, but shakes the labor markets and the social inequality increases,” says Hartnett.
Nobel laureate Shiller calls the policy action on. Companies should address the problems now before they break out with full force. “We should now agree on a plan, the automatic tax increases not only for the top one percent, but overall for the better-off providing that inequality itself should intensify.”