"There's no doubt that the evolution of the industry has created more efficiency, but it's also made it more vulnerable to catastrophic diseases".
According to standard economic thinking, rising prices should prompt more efficiency, but this has happened at a much slower rate than should have been the case.
So the key to winning in the era of automation, where robots do jobs formerly performed by humans, is not simply more efficiency, but to explore and identify how greater efficiency creates demand for new jobs to be done.
Steve Nelson, head of the Calhoun School in Manhattan, mused in a recent op-ed that charter schools "claim to operate with more efficiency, but their budgets are augmented by an infusion of capital from billionaire philanthropists and hedge fund managers who know a lot about PR and very little about education".
We can probably get more efficiency, but there are different experiences".
We traded all that for lower interest rates and lower prices, we traded all that for more efficiency, but we lost the intimacy with our customers.
When viewed in isolation, it's easy to get queasy over the increasing detachment of an already commercial activity, where every passing year brings more online shoppers buying more new stuff, delivered with more efficiency but less thoughtfulness.
They claim to operate with more efficiency, but their budgets are augmented by an infusion of capital from billionaire philanthropists and hedge fund managers who know a lot about PR and very little about education.
"That would have created more efficiency, but my 10-year-old neighbor thought this would look cooler". The project took him about three years, which breaks down to 600 hours of labor and a lot of understanding from his wife, he said.
Artificial intelligence has made the way we live and work more efficient, but this efficiency has eliminated the need for human workers in roles across many industries.
