Technology is not destiny. We shape our destiny. Erik Brynjolfsson More Quotes by Erik Brynjolfsson More Quotes From Erik Brynjolfsson Technology has made it easier for different firms to coordinate their activities with one another, and they don't have to be part of one company. They can get the benefits of scale without the inertia of scale. Erik Brynjolfsson benefits technology different In the global millennium goals, we're on track to beat and eliminate severe poverty. So there are lots of positive trends. I think the world in 25 years could be a much better version of the world we have today. But the role of humans would still be fundamentally at the center of that. Erik Brynjolfsson track goal thinking Technology is always creating jobs. It's always destroying jobs. But right now the pace is accelerating. It's faster we think than ever before in history. So as a consequence, we are not creating jobs at the same pace that we need to. Erik Brynjolfsson technology jobs thinking Before information age, living standards basically were flat. Since then, they've been growing 2 percent a year were about 30 times richer. So technology, machines is really, you know, arguably the most important thing that's happened to humanity in terms of our living standards. You could look to the introduction of digital computers in the 1950s. Erik Brynjolfsson technology important humanity Machines already are much smarter than us at so many things. I mean, try to multiply two 10-digit numbers with each other or, you know, sift through a thousand documents. So there's lots of things that machines are better at including in mental task than us. There's many more that they're not as good at, but the direction is pretty obvious and the progress is clear. Erik Brynjolfsson progress trying mean Some people think it's a law that when productivity goes up, everybody benefits. There is no economic law that says technological progress has to benefit everybody or even most people. It's possible that productivity can go up and the economic pie gets bigger, but the majority of people don't share in that gain. Erik Brynjolfsson some-people think progress people When goods are digital, they can be replicated with perfect quality at nearly zero cost, and they can be delivered almost instantaneously. Welcome to the economics of abundance. Erik Brynjolfsson welcome economics quality perfect Technology has always been destroying jobs, and it has always been creating jobs. Erik Brynjolfsson been always creating technology When I first started doing work on how the Internet is affecting commerce, like a lot of people, I was really excited by this nearly perfect market. Erik Brynjolfsson internet perfect work people The kind of job where you have to hustle and hustle and where you're not sure whether you will have enough clients next month, where you have less job security, is becoming much more common. Erik Brynjolfsson will job you security
