Employment in china is shrinking. 22 Million People working in it than there were in the 1990s. Its shrinking in the United States in all places worldwide. So its not a matter of jobs moving from one country to another but jobs moving from both china and the United States to automations. The phrase that we use to describe this is that off shoring is just a way station on the road to automation. As technology accelerates, it becomes more important than it was before. So in many ways i think that countries like china have been historically relying on lowwage labor are even more in the bullseye of this automations tsunami than the American Factory workers. Is a global phenomenon as well. This connects to a question that just arrived. If you visit shanghai without a gas mask, you are going to have some difficulties. Theres the question of whether even quick technological innovation can even keep up with the human impact on the planet is 7 Million People raise this. Do you expect technology
I have one question so far which i think touches a little bit on that. What do the stagnation and end of innovation days not recognize when they face that . The great stagnation, his argument has used this plateau. You are painting quite a different picture. Hes a super smart guy and we discussed it with him. He really inspired us to work on that first book, race against the machine. When we read his book because he was arguing we had run out of innovation and it was just no more good things, a few good things left to invent. Hanging around a place like mit media lab, we thought that cant possibly be true. Is this guy looking at the same economy we are looking at is the question we had. On the other hit some compelling data about the stagnation of meeting and, and that reinforced us to think hard about how this could be happening. And thats where we came up with this recognition that just because meeting income is stagnating, that doesnt mean innovation is stagnating. In fact, paradoxi
Good evening, and welcome to tos meeting of the Commonwealth Club of california, the place where youre in the know. You can find the Commonwealth Club on the internet at commonwealthclub. Org. Im Andrew Leonard from salon. Com, your moderator for this evenings program. To my left is Erik Brynjolfsson and Andrew Mcafee who are researchers at the Mit Sloan School of management. Erik is the directer of the mit center for Digital Business and andrew is the Principal Research scientist. The two men made a name for themselves a couple of years ago with their selfpublished book, race against the machine, which kind of coalesced some emerging nervousness about the fact that automation is really beginning to replace jobs at higher and higher levels. They followed this up with a bigger book, the second machine age work, progress and prosperity in a time of brilliant technologies. And its really, i think everybody in this room will understand how timely this is. In the San Francisco and greater b
grunting im steve kroft im lesley stahl. Im morley safer. Im bob simon. Im lara logan. Im scott pelley. Those stories tonight on 60 minutes. People really love snapshot from progressive, but dont just listen to me. Listen to these happy progressive customers. I plugged in snapshot, and 30 days later, i was saving big on car insurance. With snapshot, i knew what i could save before i switched to progressive. The better i drive, the more i save. I wish our company had something this cool. Youre not filming this, are you . Aw camera shy. Snapshot from progressive. Testdrive snapshot before you switch. Visit progressive. Com today. Hi victor mom . I know you got to go in a minute but this is a real quick meal, thats perfect for two campbells chunky beef with country vegetables, poured over rice [ male announcer ] campbells chunky soup. It fills you up right. Why let constipation stry miralax. . Er rice mirlax works differently than other laxatives. It draws water into your colon to unblock
Good luck. Guest thank you. Next eric or nelson and andrew mcabee talk about the technical advancements taking over our lives and our economy and suggest ways to harness those advancements to benefit society. The conversatconversat ion is about one hour. Good evening. Welcome to todays meeting of the Commonwealth Club of california the place where you are in the know. You can find the Commonwealth Club on the internet at Common Wealth club. Org. I am Andrew Leonard from salon. Com your moderator for this evenings program. To my left is eric or nielsen and Andrew Mcafee who are business researchers at the m. I. T. Sloan school of management. Eric is the director of the m. I. T. Center for and enters the principle for research science. The two men made a name for themselves a couple of years ago with eric selfpublished book race against the machine which coalesced some emerging nervousness about the fact that automation is beginning to replace jobs at higher and higher levels. They follo