Showing 10 of 39 quotes
The fact that a task cannot be computerized does not imply that computerization has no effect on that task. On the contrary, tasks that cannot be substituted by computerization are generally complemented by it. This point is as fundamental as it is overlooked. ”
The end of the 'tech bubble' in the year 2000 is, of course, widely recognized, as the NASDAQ stock index erased three-quarters of its value between 2000 and 2003. ”
There's never been a better time to be a worker with special skills or the right education, because these people can use technology to create and capture value. ”
The Internet promises to open new channels for worker-firm communications. What are the consequences of this opening? ”
Computers were programmed to swap out error-prone, inconsistent human calculation with digital perfection. ”
While I can't tell you what people are going to do for work 100 years from now, the future doesn't hinge on my imagination. ”
Workers and jobs are naturally heterogeneous, and the quality of their interaction when paired is difficult to forecast. ”
Work is really wrapped up with identity. Work is not just money for most people. ”
The average worker in 2015 wanting to attain the average living standard in 1915 could do so by working just 17 weeks a year, one third of the time. But most people don't choose to do that. They are willing to work hard to harvest the technological bounty that is available to them. Material abundance has never eliminated perceived scarcity. ”
One would expect that a surge of new automation opportunities in highly paid work would catalyze a surge of corporate investment in computer hardware and software. Instead, the opposite occurred. ”