Technological change is not a tide that lifts all boats in our economy. The truth is that it’s more like a tsunami. It threatens to overturn all the boats and drown their occupants, sparing only the lucky few who have already reached safety in the hills.
That’s the kind of admission you won’t often see here in the pages of Xconomy. The X in our name, after all, stands for exponential, a reference to the stunning pace of technological progress and economic growth over the past 75 years—growth attributable largely to advances in computer hardware and software and the organizational changes companies have made to exploit them.
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