"New technology generates its own remedy. To the extent that it destroys jobs, it endows jobs, by generating new wealth. And that wealth is invested in endowing new jobs with capital. And that's why these predictions [of mass unemployment] always fail. And some of these jobs are services. There is an increased demand for services of all descriptions. And I think those kind of jobs multiply as the old jobs get eclipsed. Essentially jobs that are replaced by machines are jobs that are subhuman. Human beings' chief distinguishing endowment are their brains. Essentially jobs that don't use creativity, don't use human capabilities tend to get routinized, and the jobs that do use human capabilities persist and that's sort of the way the evolution proceeds.
It's just a change in the balance of the economy, it's doesn't eclipse everything that exists now. But it is a dramatic change. I think the most dramatic change is that we'll allow a single entrepreneur operating out of his home to mobilize support from other contractors around the world and produce a complex product for the market that may be distributed globally...
The way I put it, one person at a computer work station can command the creative power of a factory tycoon of the Industrial Era, and the communications power of a broadcast tycoon of the Television Era. And I think that sort of sums up the upside potential of this development."
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