7 Implications ‘’The second machine age’’ Technology has sped globalization One large market for labor, capital and other inputs‘’The second machine age’’Where is this all going to lead?
8 The solutions Adjust and adapt Educated work force and an entrepreneurial culturePublic investments in high-quality basic services
9 Critique Lack of empirical evidence The access to cheap labor will continue to matterNot everything is economically viable to automateHigh production amountAutomation?Cheap laborHigh product variety
10 CritiqueWhy would the second machine age be different from the first one?Although structural changes tend to wipe old jobs away, they to tend to create new ones in returnDigital capital is not always accessible for “next to zero cost” replicationIdeas are not everythingSkilled labor and capital is needed for execution
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