What can we do to create shared prosperity? The answer is not to try to slow down technology. Instead of racing against the machine, we need to learn to race with the machine.

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.

The kind of job where you come in and work 9 to 5, and where someone tells you what to do all day is becoming scarcer and scarcer.

What can we do to create shared prosperity? The answer is not to try to slow down technology. Instead of racing against the machine, we need to learn to race with the machine.

There are lots of examples of routine, middle-skilled jobs that involve relatively structured tasks, and those are the jobs that are being eliminated the fastest. Those kinds of jobs are easier for our friends in the artificial intelligence community to design robots to handle them. They could be software robots; they could be physical robots.

Computers get better faster than anything else ever.

Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.