为什么高收入可能不会持续：从行业红利到时代红利 | 螺丝钉带你读书

Core Viewpoint - The article discusses the concept of "era dividends," emphasizing the different stages of industry development and the opportunities and challenges they present for individuals and companies [4][11]. Industry Dividend Periods - Startup Phase (0-5%): In this initial stage, small entrepreneurial teams innovate to meet customer needs, while large companies are less involved due to limited profit potential [6]. This phase is characterized by high risk for founders [7]. - High Growth Phase (5%-30%): As the industry matures, larger companies enter the market, leading to rapid growth and increased demand for professionals. During this period, personal income can grow significantly, often outpacing average societal growth [8][9]. - Mature Phase (30% and above): The competitive landscape stabilizes, with a few leading companies dominating the market. This results in an oversupply of professionals, leading to slower income growth and potential layoffs [10]. Recent Era Dividends - The last few decades have seen widespread era dividends driven by globalization, urbanization, and technological advancements. For instance, joining the WTO spurred rapid growth in domestic manufacturing, transitioning from low-end to high-end industries [11][12]. - Urbanization led to a real estate boom, benefiting various related sectors and significantly increasing wealth accumulation for many [12][13]. - Technological progress, particularly in the internet and AI sectors, has also resulted in explosive salary growth for professionals in these fields [13]. Conclusion on Era Dividends - Era dividends are finite, and every industry will eventually reach a saturation point. Individuals should be aware of the cyclical nature of income growth and prepare for future changes by saving during high-growth periods [15][16]. - New era dividends will continue to emerge, with disruptive innovations occurring approximately every 10-20 years, providing new opportunities for each generation [18][19]. - The current economic landscape suggests a reduction in high-growth sectors, prompting individuals to consider their strategies for future success [20][22].