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I think what we have to do is figure out how to make sure…

“I think what we have to do is figure out how to make sure we get the benefits of improved technology and yet cope with the dislocation that it will inevitably produce in certain industries.” quote by Wilbur Ross
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“I think what we have to do is figure out how to make sure we get the benefits of improved technology and yet cope with the dislocation that it will inevitably produce in certain industries.”

Wilbur Ross

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Balancing technological progress with its disruptive impact requires extracting benefits while managing workforce displacement in affected sectors.

In simple terms: Tech advances bring benefits and job loss; manage both.

Key Takeaway

Plan for retraining and social safety nets.

Themes

economics technology labor markets

Mood

analytical concerned

Type

policy economic

When to use this quote

  • policy making
  • corporate strategy
  • education programs
  • community planning

Key Concepts

innovation disruption

Questions to Reflect On

  • What industries are most vulnerable?
  • How can societies fund rapid reskilling?
A Different Perspective

Technology may outpace policy responses, causing hardship.

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