Knowledge-age technology makes the value of physical goods, as well as services, depend increasingly on their knowledge content. The creation of knowledge through learning and the embodiment of knowledge in software now hold the keys to wealth.
Predictor: Perelman, Lewis J.
Prediction, in context:In a 1994 article he wrote for Wired magazine, Lewis J. Perelman addresses the future of education in an age of digital networks in the form of an open letter to the nation’s information industry executives. He writes: ”Knowledge-age technology makes the value of physical goods, as well as services, depend increasingly on their knowledge content. The creation of knowledge through learning and the embodiment of knowledge in software now hold the keys to wealth. So far, most economists and politicians remain relatively clueless about this new economic reality. Many still claim that manufacturing is the essential core of a ‘competitive’ economy. The truth is that software is the most important business in the modern world.”
Date of prediction: January 1, 1993
Topic of prediction: Economic structures
Subtopic: General
Name of publication: Wired
Title, headline, chapter name: School’s Out: The Hyperlearning Revolution Will Replace Public Education
Quote Type: Direct quote
Page number or URL of document at time of study:
http://www.wired.com/wired/archive/1.01/hyperlearning_pr.html
This data was logged into the Elon/Pew Predictions Database by: Stotler, Larry