Margaret Thatcher Quotes

Technology is always creating jobs. It's always destroying jobs.

Every great invention takes a livelihood away from 50,000 men--& within ten years creates a livelihood for half a million.

Disruptive innovations create jobs, efficiency innovations destroy them.

The last 200 years, we've had an incredible amount of automation. We have tractors that do the work that horses and people used to do on farms. We don't dig ditches by hand anymore. We don't pound tools out of wrought iron. We don't do bookkeeping with books! But this has not, in net, reduced the amount of employment.

Nothing increases the number of jobs so rapidly as labor-saving machinery, because it releases wants theretofore unknown, by permitting leisure.

There are three types of innovations that affect jobs and capital: empowering innovations, sustaining innovations and efficiency innovations.

The history of economic growth is the history of people making more with less and shifting into new jobs that were unheard of in the previous generation.

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

Technology's always taken jobs out of the system, and what you hope is that technology's going to put those jobs back in, too. That's what we call productivity.

Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment.

Technology is always creating jobs. It's always destroying jobs. But right now the pace is accelerating. It's faster we think than ever before in history. So as a consequence, we are not creating jobs at the same pace that we need to.

The over-all point is that new technology will not necessarily replace old technology, but it will date it. By definition. Eventually, it will replace it. But it's like people who had black-and-white TVs when color came out. They eventually decided whether or not the new technology was worth the investment.

As we get better at things, we need less people to produce the things we really need, but what do we do with the rest of the people? They have to be doing something, too, to buy from those few which are doing the really basic stuff, and so that's why we need to be continually producing new stuff.

Electricity is an example of a general purpose technology, like the steam engine before it. General purpose technologies drive most economic growth, because they unleash cascades of complementary innovations, like lightbulbs and, yes, factory redesign.

The social and economic impact of innovative American researchers, companies, and workers over the course of U.S. history have been enormous.

Think back to the time when Agriculture was not labor efficient. We have lost all these jobs. But I don't think anyone is too sad about it.

Job displacement is so huge, I'm tempted to not talk about anything other than that.

Our machines increasingly do our work for us. Why doesn't this make our labor redundant and our skills obsolete? Why are there still so many jobs?

The fact is, I was elected governor of the state of Missouri to bring more jobs to the state of Missouri.

Tech is important, but if you look at even the successful tech start-ups, you see they employ only dozens of people at most. Tech is never going to have the impact on the job market that manufacturing has.

What people are now realizing is that this formula that technology destroys jobs and creates jobs, even if it's basically true, it's too simplistic.

My honest answer to what's going to happen to the future of jobs is I don't know.

The bottom line is that while automation is eliminating many jobs in the economy that were once done by people, there is no sign that the introduction of technologies in recent years is creating an equal number of well-paying jobs to compensate for those losses.

We adapt to technological progress by raising our minimum standards of living and working to stay above this rising threshold.

While I can't tell you what people are going to do for work 100 years from now, the future doesn't hinge on my imagination.