George Packer Quotes

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.

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.

I think there is an enormous sea change happening in the global workforce. It has a lot to do with globalization. I think that people used to have a hope for a career or meaningful employment, and its been reduced to internships, part-time work or just grossly underpaid work.

I'm afraid for all those who'll have the bread snatched from their mouths by these machines. 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!

The invisibility of work and workers in the digital age is as consequential as the rise of the assembly line and, later, the service economy.

As hardware doubles its density every 18-24 months, courtesy of Moore's Law, and as software eats the world, technology will replace a broad swathe of jobs outright - from burger-flippers to diagnosticians - and atomize many others from full-time positions into gigs performed by many fungible workers. Tech, in short, will eat jobs.

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

The result [of more rapidly adopting technology] is likely to be more unemployment in the short term and perhaps greater inequality—a recipe for social instability. Economists are right to remind us that workers who are displaced by machine intelligence need not be condemned to long-term idleness. Given the infinite variety of human desires, there is always more work to be done. But society will need to facilitate social structures that help employees face a lifetime of job changes.

The tech-driven economy leads to a two-tier job market where workers are either critical or 'commodity.' This divisive 'winner-take-all' mentality hurts most Americans and worsens economic inequality.

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

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.

The Fourth Industrial Revolution has the potential to empower individuals and communities, as it creates new opportunities for economic, social, and personal development. But it also could lead to the marginalization of some groups, exacerbate inequality, create new security risks, and undermine human relationships.

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

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.

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.

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

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.

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 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.

Two hundred years ago, industrialisation ruined the labour force. In the modern age, especially in the West or America, people who are 'efficient,' who can bracket their emotions off, tend to win. But at what cost to the rest of us?

In the past, we've always come up with new jobs for humans to do and so it's always benefitted us, technological progress, but now we're not really creating enough new jobs to replace the jobs that are being automated.

And a revolution of automation finds machines replacing men in the mines and mills of America, without replacing their incomes or their training or their needs to pay the family doctor, grocer and landlord.

Our whole economy and society is already being changed by the fact that we have increasing unemployment, mass unemployment and that's what we're facing in the future because of increasing automation.

We have to accept that capitalism is coming to an end. We can't provide paid employment for people, all the industries with technology are counter-intuitive to profit, and we have to have a transition to the conceptualist society. The only way to do it fairly is as a social democracy, a radical social democracy, which isn't compromised by neo-liberalism and isn't compromised by the rich, and isn't compromised by hegemonic, authoritarian interests: to have that balance between the government, the private sector, and then the individual citizens again.