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But the global market that is moving technology forward will not take the benefits of technological progress for poor people and poor countries into consideration; on the contrary, it is likely to ignore them, if only because they do not constitute a market.
As seen in the recent U.S. elections, there is dissatisfaction with the uneven distribution of the benefits of technological progress.
Trump's campaign tapped into a constituency that had been largely shut out from the benefits of technological progress and disproportionately suffered the consequences of expanding global trade.
But the benefits of technological progress are unevenly distributed, especially in the early stages of each new wave, and it is up to governments to spread them.
Yet, despite the protests of particular groups, the long-term benefits of technological progress have widely been seen to outweigh the short-term costs.
Or maybe we will find that you can have hoverboards, self-driving cars2, and secular stagnation, and will have to figure out how to create jobs and distribute benefits of technological progress and growth.
Similar(53)
It has become imperative to incorporate humanitarian aspects into the benefits brought by many years of technological progress and development of the intensive care units.
The arms race is continuing under the spur of technological progress, the benefits of which ought rather to be shared with the world at large.
Investing in responsible innovation not only benefits society, it protects the viability of technological progress in a democratic system.
The disruptive technologies model contrasts the pace of technological progress with customers' ability to use that progress.
The courts, then, have misjudged the nature of technological progress.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com