It’s China’s World

China has now reached parity with the U.S. on the 2019 Fortune Global 500—a signifier of the profound rivalries reshaping business today.   Workers inspect pipelines at a natural gas facility run by Sinopec in Dazhou, Sichuan province, China Stringer/Reuters   As the Chinese Century nears its third decade, Fortune’s Global 500 shows how profoundly the…

How Automation Is Cutting Into Workers’ Share of Economic Output

Here’s a mystery: Why is workers’ share of total economic output declining? If you think that’s been happening forever or that the answer is obvious, you’d be wrong. On the contrary, through most of the past two centuries of booms, busts, wars, and technological revolution, labor’s share of GDP stayed remarkably constant (around 65% in…