DAVID NORDFORS: "Efficiency is not the same as growth. Efficiency is task-centered: we perform tasks more efficiently. We can automate everything and fire all the workers. Efficiency goes up. But since workers earn less without jobs, growth can go negative. Growth, on the other hand, is people centered: we create more value for one another. We can automate everything and find new, better things for workers to do instead. Efficiency goes up. Growth goes up. "
"Disruption does not translate into destruction. Disruption is change of economics. Disruption is change of scale. Disruption is new products and services that couldn’t even exist in the absence of that new disruptive technology.
Produced and Released: January 19, 2016 by
Cosmin Gheorghe and @CultresWise in San Francisco, California, USA.
© Cosmin Gheorghe. Any kind of reproduction of this material
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