Intellectual automation
Following up on the recent discussion of legal automation, I note that Paul Krugman has added a blog post ("Falling Demand for Brains?", 3/5/2011) and an Op-Ed column ("Degrees and Dollars", 3/6/2011), pushing an idea that he first suggested in a 1996 NYT Magazine piece ("White Collars Turn Blue", 9/29/1996), where he wrote as if from the perspective of 2096:
When something becomes abundant, it also becomes cheap. A world awash in information is one in which information has very little market value. In general, when the economy becomes extremely good at doing something, that activity becomes less, rather than more, important. Late-20th-century America was supremely efficient at growing food; that was why it had hardly any farmers. Late-21st-century America is supremely efficient at processing routine information; that is why traditional white-collar workers have virtually disappeared.
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