For a long time, the humans are going to be better than the machines and so different parts of the job will be leveraged. In a way that's happened for centuries, and we've adapted. And it's made the people who had parts of their jobs automated more valuable and more productive to the extent that they are essential for the other components of their jobs.
Erik BrynjolfssonTechnology 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 BrynjolfssonIn 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 BrynjolfssonWe're rapidly entering a world where everything can be monitored and measured. But the big problem is going to be the ability of humans to use, analyze and make sense of the data.
Erik BrynjolfssonBefore 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