Innovation Is Not Enough
We seem to be living in an accelerated age of revolutionary technological breakthroughs. But the economic consequences of any innovation ultimately depend on how quickly it diffuses through labor and product markets.
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CAMBRIDGE – We seem to be living in an accelerated age of revolutionary technological breakthroughs. Barely a day passes without the announcement of some major new development in artificial intelligence, biotechnology, digitization, or automation. Yet those who are supposed to know where it is all taking us can’t make up their minds.