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L'Atelier • Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier
But that premise is wrong: computers are complements for humans, not substitutes. The most valuable businesses of coming decades will be built by entrepreneurs who seek to empower people rather than try to make them obsolete.
Peter Thiel, Blake Masters • Zero to One
soar to $1 billion. However, the wealth of the median customer, the one exactly in the middle of the distribution, wouldn’t change at all.
Erik Brynjolfsson, Andrew McAfee • Race Against the Machine
One of our favorite quotes of his is, “I keep saying that the sexy job in the next ten years will be statisticians. And I’m not kidding.”21 When we look at the amount of digital data being created and think about how much more insight there is to be gained, we’re pretty sure he’s not wrong, either.
Andrew McAfee • The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
The threat of technological unemployment is real. To understand this threat, we'll define three overlapping sets of winners and losers that technical change creates: (1) high-skilled vs. low-skilled workers, (2) superstars vs. everyone else, and (3) capital vs. labor.
Erik Brynjolfsson, Andrew McAfee • Race Against the Machine
we turn to a pair of MIT economists, Erik Brynjolfsson and Andrew McAfee, who in their influential 2011 book, Race Against the Machine, provide a compelling case that among various forces at play, it’s the rise of digital technology in particular that’s transforming our labor markets in unexpected ways. “We are in the early throes of a Great
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