Technological progress evokes images of log-scale charts shooting up into infinity. Your smartphone is roughly 100 million times more powerful than those room-sized computers of the 50s. These guys can sequence your genome for $5k. The first genome cost, completed 5 years ago, cost $2.7 billion!
It is also worth noting there are plenty of areas that have seen little real (net) progress in the last 50 years.
– Air travel: Average flight times between cities have been increasing over the past few decades.*
– Road travel: No faster than it was 50 years ago. This is clearly due to population pressure but has not been offset in any meaningful way by technology. Speed limits still 60MPH on open highway.
– Restaurants and bars: Haven’t materially changed the way they operate since the invention of fast food.
– Homes: Aside from the wiring that runs throughout and perhaps the materials used, does a home look or function substantially differently? Are homes as good as they will ever get? I doubt it.
Why is this? Smells like opportunity to me.
* Thanks ZKD.