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Most of us make our money from thin air: we produce nothing that can be weighed, touched or easily measured. Our output is not stockpiled at harbours, stored in warehouses or shipped in railway car. Most of us earn our livings providing service, judgement, information, analysis, whether in a telephone call centre, a lawyer’s office, a government department or a scientific laboratory. We are all in the thin-air business. Source: Charles Leadbeater 1999 Living on Thin Air: The New Economy (London: Viking) (a) Define Weightless Economy. (b) What in your opinion is the “thin-air business”? |
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Answer» (a) Weightless Economy is one in which products have their base in information, as in the case with computer software, media and entertainment products and internet-based services. A knowledge economy is one in which much of the workforce is involved not in the physical production or distribution of material goods, but in their design, development, technology, marketing, sale and servicing. (b) The child can give his/her personal opinion. The key point should be that there is physical production of goods and the earning mainly comes from intangible resources such as knowledge, information, analysis and so on. |
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