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When there is a paradigm shift in technology, the concept of entrepreneurship becomes exceedingly important because technological innovation starts to lead the market creating chances of generating new profit.
"This represents a generational shift in technology," he says.
"Every shift in photography has been linked to a shift in technology," the exhibit's curator, Henry Jacobson, told me.
But cars raised the productivity of the drivers, for whom the shift in technology was what economists call "labour-augmenting".
This tectonic shift in technology also has wide-ranging implications for businesses across all sectors and industries.
While originally designed for the gaming community, they represent a quantum shift in technology that's already changing expectations and experiences of going to the cinema.
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The next years and decades will see further dramatic shifts in technology and an economy driven by fast-paced technological innovation.
It will be a transformational mega-shift in technology," Mr. Stalder said.
"Shifts in technology can erode our capabilities.
Dramatic shifts in technology produce a similar effect.
Shifts in technology have happened before with textiles, canals, steel, and electricity, for example.
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