In 1907, two teenagers with one bicycle between them started a business running errands, shuttling notes and telegrams and making home deliveries by foot and by bike. Eventually, their fledgling messenger service became what is now UPS.
More than a century later, we are back on our bikes. More specifically, electrically-assisted cycles (e-cycles).
Cities are becoming increasingly powerful centers of economic activity. As more young people move to cities – and the demand for sophisticated labor increases – more wealth will be concentrated in these urban areas. These changes are only expected to accelerate over the next decade.