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 Brynjolfsson0
Next quotes
Erik Brynjolfsson:
Retailing has gone from an information-scarce to an information-rich environment.Erik Brynjolfsson:
Electricity is an example of a general purpose technology, like the steam engine before it. GeneralErik Brynjolfsson:
Technology is not destiny.Erik Brynjolfsson:
Computers get better faster than anything else ever.Erik Brynjolfsson:
There are lots of examples of routine, middle-skilled jobs that involve relatively structured tasksErik Brynjolfsson:
Technology has always been destroying jobs, and it has always been creating jobs.Erik Brynjolfsson:
Technology has made it easier for different firms to coordinate their activities with one another,Erik Brynjolfsson:
G.D.P. is not a measure of how much value is produced for consumers. Everybody should recognize thaErik Brynjolfsson:
We're rapidly entering a world where everything can be monitored and measured. But the big problemErik Brynjolfsson:
When I first started doing work on how the Internet is affecting commerce, like a lot of people, I