Are We Going to See More Consumption in the World Economy?

The bottom two fifths of the world really want to grow. This is in a sense one of the issues I have with the notion of do not economics. Those people who are at the bottom, they really want to get quite far up. And that means the consumption of more and more stuff. The transition of services is not only happening in the West. We're actually just in the past year or two, we passed the point globally where 50% of the world's workforce is said to be in services.