High Tech Advancements and Job Growth

January 2021
Phil Hauck, Economic Disruption & Transformation Signals Team

I was recently introduced to a futurist named Thomas Frey of the DaVinci Institute. In a recent blog post, he makes the point that all these high-tech advancements that are replacing jobs aren’t a negative, but historically have been a positive. The negative impact gets attention because it is “seeable,” an unemployment statistic. What’s unseen is this: When a robot replaces a job in a factory, the job-holder is theoretically now in a worse position, looking for another job and/or living on unemployment. But, Frey illustrates, the product that robot created will now appeal to more and more people, creating other jobs up the line, and provide a better quality of life. That, in turn, yields a more dynamic economy that spawns more jobs.

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We Can Play in the AI Arena

Written by Phil Hauck

While our area has fallen behind on efforts toward economic transformation, the signals tell us we’re in a great position now to be a real player – even in the area of artificial intelligence. The first way to take advantage of technology, though, isn’t technological. It’s knowing your customer’s opportunities for greater effectiveness in your area of expertise! Or, put another way, it’s knowing your customer’s customer. [Link to full article We Can Play in the AI Arena]

We Can’t Buy It – Let’s Build It!

Written by Randall Lawton

In the drive to create economic dynamism, our community clearly missed the early technology and start-up entrepreneurial thrust. As we watched early technology innovators on the West and East coasts, it became obvious we were missing opportunities, and our local economy was falling behind. However, when the right infrastructure components are put in place and executed effectively, the economic dynamism of communities thrives. Greater Green Bay now has the infrastructure and the mental model to take some giant steps. [Link to full article We Can’t Buy It – Let’s Build It]