Any Quote by Eric Ries
“In the industrial world we have the problem of having more productive capacity than we know what to do with. That's at the root of the unemployment crisis: we've got so productive at making things, we don't require people to be involved in making the basics of life any more. Or nearly as many people.”
About This Quote
Source Book: The Startup Way by Eric Ries, 2017
Excessive productivity creates a surplus of goods that outpaces demand, leading to unemployment as fewer people are needed for basic production.
In simple terms: Too much productivity can cause job loss.
Key Takeaway
Balance production with human employment.
Themes
economics
automation
unemployment
productivity
Mood
thoughtful
concerned
Type
economic
strategic
When to use this quote
- manufacturing
- software development
- policy planning
Key Concepts
technological change
labor markets
resource allocation
Questions to Reflect On
- What jobs can emerge from high productivity?
- How can societies adapt to reduced labor needs?
A Different Perspective
Automation can also create new job categories, not just eliminate them.
