Cheaper Quote by Andrew Lo
“Labor is getting more expensive and technology is getting cheaper.”
About This Quote
Source Speech: Economic Forum, 2019
Labor costs rise while technology costs fall, shifting economic dynamics.
In simple terms: Workers become pricier, tech cheaper.
Adapt skills to a tech‑driven market.
Themes
Mood
Type
When to use this quote
- career planning
- business strategy
- policy making
- education curricula
Key Concepts
Questions to Reflect On
- What skills will stay valuable?
- How can societies ease workforce transitions?
Technology may not replace all jobs; transition can be painful.