Klaus Schwab Quotes

The industrial revolution in the new century is, in essence, a scientific and technological revolution, and breaking through the cutting edge is a shortcut to the building of an economic giant.

I just think we're living in a time of massive, amazing change, like the Industrial Revolution on acid.

We are entering a new phase in human history - one in which fewer and fewer workers will be needed to produce the goods and services for the global population.

The age we live in is a busy age; in which knowledge is rapidly advancing towards perfection

Mankind had the agricultural revolution, the industrial revolution, and now this third one, the information revolution.

While the digital transformation of industries will be profound, we must keep in mind that it will have wider economic and social impact, too, as with previous revolutions driven by steam and coal, electricity and computers.

The robots are coming, whether we like it or not, and will change our economy in dramatic ways.

Without question, intelligent technologies will continue to disrupt the world as we know it. There will be profound implications, both positive and negative.

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.

The future is now.

Technology magnifies differences, and it's been replacing or obviating jobs for a long time. But what happens as that case accelerates? I'm not one of these doomsayers who says, 'There will be no jobs.'

Any discrimination, like sharp turns in a road, becomes critical because of the tremendous speed at which we are traveling into the high-tech world of a service economy.

In the 21st century, somebody or something has changed the rules about how our world works.

Technology is characterized by constant change, rapid innovation, creative destruction, and revolutionary products.

Technology is driving the innovation. Technology is driving the creativity. Technology and the use of that is going to determine our workers' ability to compete in the 21st century global marketplace.

If the U.S. became the undisputed superpower that it is today, it was primarily because of its technology, whether it is in transportation, agriculture, high-tech industry, medicine, etc.

I don't think that a Singularity would be visible to those going through one. Even the most disruptive changes are not universally or immediately distributed, and late followers learn from the reactions and dilemmas of those who had initially encountered the disruptive change.

In the industrial world we have the problem of having more productive capacity than we know what to do with. That's at the root of the unemployment crisis: we've got so productive at making things, we don't require people to be involved in making the basics of life any more. Or nearly as many people.

But computers have changed the world for everyone, so there will be some way of working it out.

If you want to bring down the prices of healthcare and education, the answer will be more innovation, more technology, which will then have the effect of freaking everybody out and saying, 'Oh, my God, you're going to kill all the jobs.'

I believe that people are too complacent about technology.

You always need to be on the lookout for the next kind of great technology.

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

If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your skills do not complement the computer, you may want to address that mismatch. Ever more people are starting to fall on one side of the divide or the other. That's why 'average is over.'

People always fear change. People feared electricity when it was invented, didn't they? People feared coal, they feared gas-powered engines... There will always be ignorance, and ignorance leads to fear. But with time, people will come to accept their silicon masters.