Klaus Schwab Quotes

One thing I want to do is get Silicon Valley to think harder about those who have been left behind by the technology revolution. It has created huge winners for those who are able to understand it and are adept at it. But it has also displaced a tremendous number of jobs.

I grew up before computers. Computers are changing things, not all for the good.

For all the opportunities that arise from the Fourth Industrial Revolution - and there are many - it does not come without risks. Perhaps one of the greatest is that the changes will exacerbate inequalities. And as we all know, a more unequal world is a less stable one.

Accelerating technology innovations such as ubiquitous sensors, cheap computing power, and 5G networks will open entirely new opportunities and challenges.

As algorithms push humans out of the job market, wealth and power might become concentrated in the hands of the tiny elite that owns the all-powerful algorithms, creating unprecedented social and political inequality. Alternatively, the algorithms might themselves become the owners.

What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is also bringing about disruptive change that is intensifying insecurity and may indeed lead to large-scale labor displacement.

I don't think that artificial intelligence means doomsday, and I think many new jobs will be created, too. However, it is becoming increasingly unlikely that these new types of jobs will favor low-income demographics. We need to address the needs of those who will be left out of the new job market.

My government has taken significant measures to enable the rise of the Fourth Industrial Revolution in our country.

In many cases, jobs that used to be done by people are going to be able to be done through automation. I don't have an answer to that. That's one of the more perplexing problems of society.

Our world has evolved and grown more technologically savvy. Lawmakers need to adjust to these changes.

So one begins to wonder what is going to happen to the human race. Technology keeps on advancing with greater and greater power, either for good or for destruction.

Companies in every industry need to assume that a software revolution is coming.

Not since the digital revolution in the early '90s has technology placed such a comprehensive burden on business, employees and individuals to reinvent their business plans, services and products, and themselves to keep pace with the changing marketplace.

What business has science and capitalism got, bringing all these new inventions into the works, before society has produced a generation educated up to using them!

We are now living in a fast paced technological era where every skill that we teach our children becomes obsolete in the 10 to 15 years due to exponentially growing technological advances.

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 introduction of machinery is turning into idleness thousands, faster than new industries are founded

Only in a minority of cases will workmen be able to recognize the technological change responsible for their dismissal. For this it would be necessary that machines be introduced in an existent plant under the eyes of the workmen and that dismissal be effected immediately after.

This society in which knowledge workers dominate is in danger of a new "class conflict" between the large minority of knowledge workers and the majority of workers who will make their livings through traditional ways, either by manual work...or by service work

Technology will move faster than governments, so don't legislate before you understand the consequences.

The central political problem of our time is how to adapt our venerable democracy to the acceleration of the information age. Modern technology creates a supply of new tools for improved governance, but it also creates an urgent demand for putting these tools to use. We need better policies to obtain the benefits of innovation as quickly as possible and to manage the social problems that speedier innovation will inevitably create—from pollution to weapons of mass destruction.

If our institutions can’t build consensus and respond to the demand of Americans for jobs today, how will we ever do it in a time when artificial intelligence and robotics kick in and five times that number of jobs disappear twice as fast?

Automation is going to cause unemployment, and we need to prepare for it.

New technologies and approaches are merging the physical, digital, and biological worlds in ways that will fundamentally transform humankind. The extent to which that transformation is positive will depend on how we navigate the risks and opportunities that arise along the way.

This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial crisis; it's anxiety about inequality and about computers replacing jobs.