The Atlantic‘s Tim Fernholz wrote an article referencing PPI’s Chief economic strategist Michael Mandel and his opinion on the Internet of Things being the key solution to saving America from “economic ruin”:
The “internet of things”–the increasing number of machines equipped with internet-connected sensors–will expand the US economy by $600 billion and $1.4 trillion in 2025, roughly the equivalent of boosting GDP by 2% to 5% over the intervening time period. That could be the difference between so-so growth to the kind of stable growth that drives down debt and unemployment.
Fernholz also quoted Michael Mandel on his hope that America could make “on-the-job-training easier by making machines more responsive to their users”.
Read the entire article on The Atlantic website here.
