Innovation drives economic progress. It’s easy to see that looking backward in time. Today’s Americans live so well because of a string of inventions over the past 100 years or so—from electricity, automobiles, airplanes, and air-conditioning to television, computers, the internet, and smartphones.
The benefits of future innovations aren’t yet clear. We hear about the next big thing all the time, but we don’t really know what wonders they’ll bring to our lives. We don’t know what disruptions they’ll cause, including job losses.