April 24, 2013

The New Machine Age will deliver even more growth when we change businesses and economy to take advantage

As machines take on more jobs, many find themselves out of work or with raises indefinitely postponed. Is this the end of growth? No, says Erik Brynjolfsson -- it’s simply the growing pains of a radically reorganized economy. A riveting case for why big innovations are ahead of us … if we think of computers as our teammates. Be sure to watch the opposing viewpoint from Robert Gordon.

Erik Brynjolfsson examines the effects of information technologies on business strategy, productivity and employment.

Productivity is growing at 2.4% in the 2001-2010 timeframe.
This does not include $300 billion worth of free goods like wikipedia.

* digital
* exponential
* combinatorial

Machine learning is the most important.

Humans collaborating with machines is what makes more productivity and more jobs.







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