Comments on: The Productivity Paradox Revisited http://www.digitaltonto.com/2013/the-productivity-paradox-revisited/#utm_source=feed&utm_medium=feed&utm_campaign=feed Fri, 17 May 2013 22:02:20 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Sergei P. http://www.digitaltonto.com/2013/the-productivity-paradox-revisited/comment-page-1/#comment-18567 Sergei P. Mon, 18 Feb 2013 12:08:30 +0000 http://www.digitaltonto.com/?p=11769#comment-18567 Greg,

Very impressive post.

Computerized corporative Matrix of robots vs. human collaborative Community of entrepreneurs…
Matrix provides efficiency (with new robots) and Community produces New values – new business models…

Efficiency means profit and cutting jobs, New values indicate on social development and many new jobs…

It was 380 mln entrepreneurs in 2012 (accordingly to International Labor Organization). In 2020 it is expected 1 bln entrepreneurs which will be empowered with digital assets and operate globally.

Matrix will look for efficiency and profit, entrepreneurs will survive and create new life and new society. Networked corporations will coexist with networked entrepreneurial communities in single ecosystem.

The essence of today’s moment is that corporations and entrepreneurs compete within single business model in which New value means New efficiency. Existing legislation does not allow to monetize other values than efficiency. So, for monetizing New values (new business models) the legislation should be supplemented with new regulatory acts which launches the new markets. As example, it is the Startup Act 2.0 in USA aimed to improve the environment for entrepreneurs to take risks and create new businesses …

Sergei

]]> By: Greg http://www.digitaltonto.com/2013/the-productivity-paradox-revisited/comment-page-1/#comment-18529 Greg Sun, 17 Feb 2013 19:44:07 +0000 http://www.digitaltonto.com/?p=11769#comment-18529 Thanks Sergio! GI had heard about that chess tournament too, but neglected to include it. Thanks for the reminder. It’s truly a great point.

The rise of the robots does mean an increase of advantages to capital over labor and that is indeed a serious problem. I’m not quite sure what the best way to solve it is, but it would seem that some basic services (i.e. health, education, some housing) will increasingly be a public role.

- Greg

]]> By: Sergio Garcia http://www.digitaltonto.com/2013/the-productivity-paradox-revisited/comment-page-1/#comment-18527 Sergio Garcia Sun, 17 Feb 2013 19:23:46 +0000 http://www.digitaltonto.com/?p=11769#comment-18527 Hi Greg!
I discovered your blog a few weeks ago and have already become a regular.. :)
Lately I have been thinking too a lot about how society will function in a world where robots do more and more of the work. I agree that a lot of human jobs will be created in areas requiring people skills and catering, and that people that are able to work together with machines will benefit enormously. An example I read on human-computer symbiosis was a chess tournament where the winning team was composed of neither the best human chess players, nor the most powerful computer/software, but rather the team that was best able to leverage and combine the strengths of both human intuition and computer calculation (http://www.ted.com/talks/shyam_sankar_the_rise_of_human_computer_cooperation.html). Still, what has me really worried is the preferential attachment situation this will generate, where the rich will get much richer and the rest might have to become entertainers for this super elite…should there be a robot tax to help train human workers into areas of higher value? What do you think we can do as society to help make sure the benefits of this increase in productivity are more or less evenly shared? Thank you for a great Sunday reading!

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