Erik Brynjolfsson

MIT Sloan School of Management

Massachusetts Institute of Technology

@erikbryn Website

Erik Brynjolfsson’s research examines the effects of information technologies on business strategy, productivity and performance, digital commerce, and intangible assets. He is the author or coauthor of several books including Machine Platform Crowd: Harnessing Our Digital Future (2017), and The Second Machine Age: Work, Progress and Prosperity in a Time of Brilliant Technologies (2014).

Vote History

Statement Vote Confidence Comments
Introducing 5G networks 3-5 years ahead of other countries will give Chinese firms an advantage. Strongly Agree 7 “5G is a big deal, and the U.S. is fumbling its rollout.”
The increase in stock market volatility that began in 2018 will last for another three to five years. Neither Agree nor Disagree 1
A hard Brexit will have a significant negative impact on many businesses, even if they do not have a U.K. or European presence. Agree 6
China is no longer the most attractive growth opportunity for Western multinationals. Neither Agree nor Disagree 5 “China is an enormously attractive opportunity for businesses, but there are also many other growth opportunities, particularly when applying new technologies for digitization and AI.”
In the next five years, the blockchain will have a transformative effect on finance in emerging markets. Strongly Disagree 7 “The blockchain is an intellectually interesting technology in search of a problem it can solve better than good old, public-key cryptography plus a traditional database or ledger. So far at least, the use cases have been driven more by hype and outright scams than practical benefit.”
In the absence of a carbon tax, industry self-regulation can help mitigate the worst fallout from climate change. Disagree 7 “Climate change is a textbook example of a negative externality. Self-regulation is rarely effective in such situations if industry players are self-interested. That’s one of the most compelling reasons for government involvement, and as Bill Nordhaus and others have shown, carbon taxes are particularly compelling as an approach.”
Amazon’s new $15 per hour minimum wage will force other companies to follow suit. Agree 7 “The word ‘force’ is too strong, but employers do need to meet the competition when they offer wages. More importantly, it also sends a visible signal and symbol that will affect perceptions of what a fair wage is. That said, the effect will be small for any one firm, even a big one like Amazon.”
Restrictions on skilled immigration will cause US firms to to shift more operations overseas. Strongly Agree 10 “Highly skilled labor is essential for just about every American firm’s success. If it can’t come to them, they go to it.”
Uber has to develop self-driving cars in the next 10 years in order to remain viable. Disagree 8 “Self-driving cars are a strong complement for ride-hailing services. However, the technology will eviscerate half of Uber’s two-sided network: its huge installed base of drivers.”
A trade war will be more disruptive to business than to consumers. Strongly Agree 8 “The first-order effects of trade barriers are to rearrange supply chains as consumers make substitutions. Trade barriers on intermediate goods (like steel) are even more disruptive for businesses.”
Concern over consumer privacy will fundamentally limit businesses’ ability to use big data. Disagree 7 “Effective privacy protections are feasible and can make consumers more willing to share data.”