No two sectors (or businesses) are alike. One fundamental differentiator is that some sectors make goods and some sectors distribute goods as a service. This simple but substantial distinction can significantly affect the quality or range of your results while modeling economic impacts.
Barely more than a year ago, e-scooters suddenly flooded city streets across the country. But their presence wasn’t always met with enthusiasm. Antagonistic cities and towns cited public health concerns, street congestion, and even harassment as cause for banning the popular short-trip transportation option altogether.
When scooters swooped into Richmond, Virginia overnight last August, battle lines emerged just as fast. Like other cities where the electric, dockless flock cropped up with little to no warning, some decried while others praised the newcomers. Several groups of residents urged government leaders to roll out the welcome mat instead of red tape, but politicians voiced concerns about safety as they issued directives to squash the permit-less scooters.
Technology has been scary lately if you’re employed in manual labor.
Every few weeks in the news cycle it seems as though apocalyptic headlines like “Technology could kill 5 million jobs by 2020 ” or “Robots will destroy our jobs – and we're not ready for it ” creep above the fold.