Experts Economy
#expertise
The highest skilled workers will have outsized returns on their expertise. Locality is no longer a constraint on the services you can receive. The limit on information combined with locality previously made imperfect markets. The more work moves online, the closer we move towards perfect competition where experts can receive outsized returns for their skills. If you're a patient with a specific illness, instead of having to visit the best doctor in your area, you can now search the top 10 doctors worldwide. Through video calls, their services are available to give you the best care possible. People with specific knowledge are now the most favorable. The top 10% of experts will receive a larger share of the global market. Someone can now hire 27 software engineers for the price of one Silicon Valley engineer from other parts of the world.