Patrick Collison Quotes


I think in general technology always sort of makes some jobs less relevant, or perhaps, even obsolete, but I will say that the idea that sort of workers will find nothing else to do seems like it's way too pessimistic on the capabilities of everyone as human beings, right?


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Technology has always displaced and replaced workers, but most industrial technological breakthroughs, in the long run, have created new jobs and better paid ones. What worried Gompers did not appear to materialize in his lifetime, but actually became and issue on the later years of the 20th century and the early 21st century where the computer the robot, and the sophisticated software began to replace workers at a faster rate than new opportunities were created. Gompers was one of the harbingers of things to come.


There is an opposite school of thought which argues that because technology develops so fast, by the time you legislate about it of you understand it, it is too late to prevent major problems and abuses which can become institutionalized. Instead it is argued, legislate rapidly BEFORE you understand all the consequences and then repeal and revise very frequently as the technology develops. This school argues that Schmidt’s view is tantamount to not legislating at all as it will ALWAYS be too late if you wait till you understand the consequences.


His 50 year prediction was a little too optimistic although a large percentage of the routine, and some non-routine, jobs had become automated especially in the automobile and other manufacturing arenas, and many other fields. But there were still some other jobs that were still being done without machines in 2014. Asimov was essentially right but a little early in his timing.


Patrick Collison
Patrick Collison
  • Born: September 9, 1988
  • Nationality: Irish
  • Profession: Businessman

Patrick Collison is an Irish billionaire entrepreneur. He is the co-founder and CEO of Stripe, which he started with his younger brother, John, in 2010. He won the 41st Young Scientist and Technology Exhibition in 2005 at the age of sixteen.