ITIS 2P91 Chapter Notes - Chapter 1: Captcha, Novell, Clay Shirky
15 Jan 2016
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Level of gdp & profits are at an all time high although no companies are doing any hiring. Working age population > jobs the gap is getting larger and larger. Many technologies are taking over jobs that required humans, examples: writing articles, translators. In 6 years, technologies will be 16x better than they are now, examples: siri. Knowledge work (e. g. , translator) and physical (e. g. , driving) work will be affected by digital technologies. In short term, stimulate job growth by encouraging entrepreneurship and by investing in infrastructure (robots aren"t good at building bridges) Work saves us from three great evils: boredom, vice, need. The big developments in human history will bend the curves of data and you get conclusions: they don"t matter. Technology is the only thing that has bended the curve made mockery out of all that had come before. Technology has infinitely overcome the limitations of our muscles. Economies don"t run on energy, capital or labour they run on.
