ABSTRACT
Nobody could have anticipated that a migrant workforce made up primarily of low-wage workers, moving from country to country in search of higher incomes and a better life for their families, could generate a combined second economy that would shift the way the authors look at the world. In 1806-1807, Humphrey Davy invented the first arc lamp that turned out to be "too good" for commercial consumption: It generated a light so bright that it was blinding if used in small spaces such as offices and households, and so it was relegated to be used at lighthouses. In 1913, Henry Ford would apply Olds's idea to largescale manufacturing, announcing his goal of creating a motor car "for the great multitudes." The chapter focuses on new threats that resulted from changes in demographics and migration patterns: Threats that are forcing Western companies to hurry up and revisit their traditional business models, hopefully with change in mind.
