49. Prognostication: Technology

In order to change the way one thinks in the future, it is important to look back through time and see how we ended up where we are today. Brad Sugars analyzes the history of technology and how better technology allows businesses to achieve more with less. This is because technology removes the scarcity mind-set and replaces it with an abundance mentality. Brad illustrates his point with the help of the two interesting stories. He contradicts the common belief that technology puts people out of jobs offering a viable solution for that. Brad concludes saying that while technology, at times, may not be good from an economic point of view for business it is indeed very good.