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PhysicistWilliamThomson (LordKelvin) said it in 1899: “Radio has no
future. Heavier-than-air flyingmachines are impossible. X-rayswill
prove to be a hoax.”
IBMchairmanThomasWatson said it in 1943: “I think there is aworld
market formaybe five computers.”
And no doubt a technology leader somewhere today is declaring that
something possible – and even imminent – is impossible. It is amistake
even the best mindsmake.
Particularly over the past 50 years, the pace of technological innovation
has grown at a speed that surpasses simple geometric growth.
Companies like Amazon, Google and Twi er sprout up and become
billion-dollar plus corporate icons virtually overnight. Established
companies, the likes of Apple and IBM, nowre-invent themselves almost
daily to be at the forefront of the technological revolution.
The JobMachine
TECHNOLOGY CONTINUES TO DRIVE THE US ECONOMY
DREAMERS AND INNOVATORS
devi
new and creative ways to use tech-
nology that often change not only
the way we do business, but the wa
we view ourselves. And there is no
doubt that this phenomenon has a
dramatic impact on job creation an
development in the U.S. economy.
“The IT (information technology
sector will have a very positive
impact on future job creation,” say
Erik Brynjolfsson, professor of Inf
mation Technology and the directo
of the M.I.T. Center for Digital Busi
ness. “It may be the one very brigh
spot in our economy. “There are a l
of companies in the tech sector tha
are just booming, such as Faceboo
Google and Amazon,” he says. “But
you put them all together, that’s sti
fewer than 140,000 jobs. In terms o
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