Stanley Druckenmiller Quotes

As technology advances, it reverses the characteristics of every situation again and again. The age of automation is going to be the age of 'do it yourself.'

A new era of production has begun. It's principles of organization are as different from those of the industrial era as those of the industrial era were different from the agricultural. The cybernation revolution has been brought about by the combination of the computer and the self-regulating machine. This results in a system of almost unlimited capacity which requires progressively less human labor. Cybernation is already reorganizing the economic and social system to meet its own needs .... As machines take over production from men, they absorb an increasing proportion of resources while men who are displaced become dependent on minimal and unrelated [to their work] governmental measures—unemployment insurance, social security, welfare payments.

The story of automation is the story of a one-way shift from human control to automatic control.

Advances in automation, artificial intelligence and robotics, while increasing productivity, will also cause major upheavals to the workforce.

Pretty soon we'll have robots in our society, you're going to have a lot of automated processes that used to be done by people - this is happening. Society and technology is changing so fast, and the impact of the change on society and technology is global, not local.

Machines take me by surprise with great frequency.

When a machine can do something better and faster than a person can, I am happy to let the machine do it.

In the twenty-first century, the robot will take the place which slave labor occupied in ancient civilization.

Technology is advancing at breakneck speed, upending old ways of doing business and resetting the social contract between employers and employees.

Amid all the job losses of the Great Recession, there is one category of worker that the economic disruption has been good for: nonhumans.

Automation is no longer just a problem for those working in manufacturing. Physical labor was replaced by robots; mental labor is going to be replaced by AI and software.

Technological change is both familiar and easy to observe.

The greatest task before civilization at present is to make machines what they ought to be, the slaves, instead of the masters of men.

Make no mistake about why these babies are here - they are here to replace us.

Technology and robotics are advancing and will reduce the need for workers in the future.

And we should keep our minds open, or at least ajar, to concepts on the fringe of science fiction. Flaky American futurologists aren't always wrong. They remind us that a superintelligent machine is the last instrument that humans may ever design - the machine will itself take over in making further steps.

The benefits of having robots could vastly outweigh the problems.

I don't think love for technology itself breeds change.

It's estimated that by 2030 there will be virtually no unskilled jobs in the British economy.

When it costs you the same amount of manufacturing effort to make advanced robotic parts as it does to manufacture a paperweight, that really changes things in a profound way.

Sometimes people talk about conflict between humans and machines, and you can see that in a lot of science fiction. But the machines we're creating are not some invasion from Mars. We create these tools to expand our own reach.

The global equalization of wages and the exponential growth in technology has created a job-killing machine that's only going to get worse.

Let's not kid ourselves here, robots already run most of our world. We'll be their butlers soon enough.

The industries that fall first are the industries that either produce electromechanical items that are now inferior to their software substitutes, or the industries that produce a mechanically created service that's now inferior.

Personally, I'm not afraid of a robot uprising. The benefits far outweigh the threats.