The federal government is responsible for funding a lot of the technological innovation that we often attribute to private companies. While the purpose of some of these innovations is to be applied to the military innovation of the US armed forces, a lot of them also end up as vital components of civilian lives. Private companies may not be willing to invest in technological advancements if they may come at a cost to shareholder profit, but the government isn’t as concerned with profitability.
It’s back to school time and everyone has flooded the store to buy calculators, notebooks, dictionaries, and planners, but these are all items that come with a smartphone so it makes those products obsolete for most individuals. Creative destruction occurs when new innovations replace old industries.
Nissan simulates a world where everything runs on gasoline and asks potential buyers to consider a world where everything didn’t.
Bill Gates, in an article with Quartz, argues that if a robot which take workers’ jobs should be required to pay taxes. Those tax funds should be redistributed to pay for re-training programs.