Automation As Colonization Wave

bibliography⁠, economics⁠, technology⁠, NN
2021-03-242021-07-28 finished certainty: possible importance: 6 backlinks

Why is automation/productivity growth & “you can see the computer age everywhere but the statistics”, especially when AI has become ? Extreme inertia & path-dependence.

Existing companies & processes are so hardwired to use humans as the basic building block that they must be reconceived to exploit new possibilities. Otherwise, you get absurdities like ⁠. This ‘overhang’ also explains why startup ideas fail repeatedly before succeeding & crises can lead to abrupt increases in existing technologies: the was held back by levees of local optimums.