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Session

ICYMI: How Tech Changed Inflation, Employment and the Economy - and How We Can Make This Work for Us

Money & Markets

ICYMI: How Tech Changed Inflation, Employment and the Economy - and How We Can Make This Work for Us

About

We often think of big tech as disruptors of markets - like Google and advertising, Facebook and Uber and mobility, Airbnb and accommodation, and the list goes on.

But we rarely think about the implications of big tech on our understanding of how markets and economic systems have changed. Dynamic pricing is a better way to think about inflation's rise and fall these days, dutch auctioning systems can assist us in dealing with constrained markets involving natural capital, social media’s use of data for personalisation can help us tailor products and services including public services to those in need.

It is clear that our current economic policy infrastructure did not identify all the shocks in advance of our current economic predicament and that the workhorse models that served us well in past do not work so well with the sudden changes we’ve seen in the last few years. This has implications for how we design policy interventions and relief.

This requires getting better at building public confidence and understanding of how tech has changed the economy. And it requires being smarter and more tailored in regulation. And it means reimagining and recalibrating institutions and systems for the next century.

WE CAN’T WAIT TO SEE YOU IN 2024

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