Robert Frank of Cornell University tells,
There're two theories regarding what causes income and economic divide;
(1)Winner-Take-All Thoery supported by Robert Frank and Anita Elberse of HBS
The ability to widely distribute the best
performers’ products at low cost portends a world where even small
differences in talent command huge differences in reward.
(2) Long-Tail Theory supported by Chris Anderson of Wired Magazine
The information revolution is letting sellers prosper even when their
offerings appeal to only a small fraction of the market. This view
foresees a golden age in which small-scale creative talent flourishes as
never before.
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