Do you agree with the Economist Magazine that the world is in the midst of a third industrial revolution?

Has this revolution already affected your life or your family's life? 

The two prior industrial revolutions are said to have caused people to migrate from the rural farms to urban areas and given people in general a higher standard of living. 

Do you believe the third revolution, if it is occurring, will also eventually cause even more urbanization and give people an even higher standard of living?