A general pessimism over technological progress has crept into the national dialogue. Everywhere one turns there is a new article about how robots are stealing our jobs, how all the gains from innovation go to the rich, or how all the low-hanging fruit of technological progress has been picked. This pessimism is at odds with the historical fact that economic growth through enhanced productivity has been a boon to every American. Growth-driving innovation is far from over, though many underestimate the need for good policy-making to power the right kind of innovation. When it comes to reaping the gains of innovation, we cannot just close our eyes and hope for the best.
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