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In our high-tech, high-skilled economy where low-skilled work is being scaled back, phased out, exported, or severely under-compensated, all the right behavior in the world won't create better jobs with more pay.

Technology magnifies differences, and it's been replacing or obviating jobs for a long time. But what happens as that case accelerates? I'm not one of these doomsayers who says, 'There will be no jobs.'

Technology has always been destroying jobs, and it has always been creating jobs.

Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.

If you want to bring down the prices of healthcare and education, the answer will be more innovation, more technology, which will then have the effect of freaking everybody out and saying, 'Oh, my God, you're going to kill all the jobs.'

If you step back and look at technology from every era, it has displaced jobs but also created a lot of jobs.

What is happening with automation and globalization, that's not going away.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

Yet in this global economy, no jobs are safe. High-speed Internet connections and low-cost, skilled labor overseas are an explosive combination.

It's not the work which kills people, it's the worry. It's not the revolution that destroys machinery it's the friction.