Technological progress is accelerating exponentially from "summary" of Race Against the Machine by Erik Brynjolfsson,Andrew McAfee
Technological progress is accelerating at an unprecedented rate. The rate of change is not simply linear; it is exponential. This means that advancements are happening faster and faster over time. The implications of this rapid acceleration are profound. One of the key reasons for this exponential growth is the concept of combinatorial innovation. This idea suggests that when technologies combine and build upon each other, they create new opportunities for further innovation. As a result, progress accelerates as more and more technologies come together to drive change. Another factor contributing to this exponential growth is the concept of digital technologies. These tools are not bound by physical limitatio...
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