Skip to main content
Skip to footer
Contact Us
We are taking you to another website now.
November 25, 2016

In a brilliant journey through the economic history of the western world, author Robert J. Gordon looks atThe Rise and Fall of American Growth. This recent book focuses on a revolutionary century that impacted the American standard of living more than any period before or after. Our standard of living is typically viewedas the ratio of total production of goods and services (real GDP) per member of the population. But this measure fails to truly capture enhancements to our well-being. Human well-being is influenced by advances in the areas of food, clothing, shelter, energy, transport, education, health, work, information, entertainment, and communications. The special century (1870 1970) that followed the Civil War was made possible by a unique clustering of what the author calls the great inventions.

I encourage you to tune into SAPs Coffee Break with Game Changers radio session on November 30 when I will join a panel discussion with SAP and Futurists to discuss how these innovations and their components possibly impact human lives in the coming years. Clearly as the visual I developed depicts the great inventions of the second industrial revolution significantly improved our well-being:


The author concludes that the 1870-1970 century was unique in that many of the great inventions could only happen once. Mr. Gordon states that by 1970 the basic elements of our modern standard of living were already achieved along the dimensions identified in the visual. His forecast for the next 25 years sees limited growth, as several headwinds reduce growth in median real disposable income. In making a compelling argument, Mr. Gordon dismisses the views of the many techno-optimists that see a return to productivity and enhanced well-being, as automation drives labor productivity and scarcity gives way to abundance.

I have viewed this debate through the lens of future scenarios, their likely path, and their potential to enhance our well-being (or diminish it as explored in thisposton balance). To explore this topic further, I overlaid these scenarios and their various innovation components on top of myvisual inspired by Mr. Gordons work. This framework allows us to explore these scenarios and their potential to improve (or diminish) our well-being across the dimensions described earlier. Can we replicate or exceed the great inventions of the special century? Can we effectively manage the headwinds described by the books author?

I will explore these questions in future posts. In the meantime, please help me crowd source the expansion of the visual above. What are the future scenarios, innovation components, or science and technology advancements that have the potential to enhance our well-being across these dimensions: food, clothing, shelter, energy, transport, education, health, work, information, entertainment, and communications?


Frank Diana is a global consultant with Tata Consultancy Services working with leading companies on how to prepare for the future with a focus on enabling the Enterprise of 2020. With over 30 years of experience in a variety of executive roles across industries, Frank provides a unique perspective and regularly speaks to executive audiences on forward thinking topics such as digital transformation, business analytics and how companies can plan for the coming shifts.


Thank you for downloading

Your opinion counts! Let us know what you think by choosing one option below.