Future Technology Development Direction

<p>The Role of Automation and Manufacturing</p><p><br/>My view emphasizes that automation and human intelligence products (Artificial Intelligence) are the primary drivers for future industrial growth. This perspective is supported by the Labor Scarcity model which suggests that while technology replaces routine tasks it creates a demand for new higher-level skills thereby raising the wage premium for educated workers.</p><p>My view &nbsp;argues that for the UK and US to maintain their economic status they must transition from being passive consumers of technology to active investors and builders of human capital.</p><p>In the context of manufacturing my insights mirror the transition from Mechanical Taylorism&mdash;where physical craft knowledge was codified into assembly lines&mdash;to Digital Taylorism where service and knowledge work are codified into software.</p><p>My view suggests that if these technologies are harnessed correctly they can lead to a Permanent Technological Revolution similar to the shift seen during the Industrial Revolution which allowed Britain to escape the Malthusian trap of population growth and income stagnation.</p>