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Economist: Silver Lining ‘How the digital revolution can help some of the workers it displaces’

  • October 9, 2014
  • The Progressive Policy Institute

The PPI was cited by The Economist in a special report discussing the digital revolution and the potential job opportunities it provides to the very artisans it originally displaced:

“The ‘app economy’ has since grown by leaps and bounds. According to an estimate by the Progressive Policy Institute, a think-tank, in 2013 it provided work for more than 750,000 people in America alone. Many more take part in it from elsewhere in the world, including employees at Rovio, the Finnish firm behind the wildly popular “Angry Birds” line of mobile games, and people like Dong Nguyen, a young programmer in Vietnam who scored an unlikely app hit with “Flappy Bird”, a simple but addictive game that was at one point earning him $50,000 a day.”

Dr. Michael Mandel, Chief Economic Strategist at PPI, was also quoted:

Michael Mandel, a technology expert at the Progressive Policy Institute, reckons that innovation is generally followed by growth in employment. That is most obviously true in ICT, but also in sectors like energy, where fracking technology has generated an oil boom and a jobs bonanza in states such as North Dakota and Texas. Mr Mandel invites sceptics to imagine a future in which doctors can 3D-print livers (and other organs) on demand—a technology that looks increasingly realistic. 

Read the whole story at The Economist.

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