Technological unemployment is the loss of jobs caused by
technological change.Such
change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes ().Just as horses employed as prime movers were gradually made obsolete by the automobile, humans' jobs have also been affected throughout modern history.
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learning generally begins with making successively larger finds and then successively smaller ones.The equations for these effects come from the usefulness of mathematical models for certain somewhat predictable aspects of those ...
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Technological innovation has compressed product lifecycles, so new
learning curves appear before old ones have fully played out — and firms must balance both dimensions of
learning at the same time. The literature on new
technology diffusion is vast, and it spills over many conventional disciplinary boundaries. This paper surveys the literature by focusing on alternative explanations of the dominant stylized fact: that the usage of new technologies over time typically follows an S-
curve.
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Competitive Advantage. The information revolution and the tales of
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technological change is exponential, contrary to the common-sense intuitive linear view. So we won't experience 100 years of progress in the 21st century -- it will be more like 20,000 years of progress (at today's rate). The returns, such as chip speed and cost-effectiveness, also increase exponentially.
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