Inrupt is betting that trusted organizations will initially be the sponsors of pods. The pods are free for users. If the concept takes off, low-cost or free personal data services — similar to today’s email services — could emerge.The National Health Service has been working with Inrupt on a pilot project for the care of dementia patients that moves from development into the field this month. The early goal is to give caregivers access to a broader view of patients’ health, needs and preferences.Each patient has a Solid pod with an “All About Me” form with information submitted by …
Twirling above a strip of land at the mouth of Rotterdam’s harbor is a wind turbine so large it is difficult to photograph. The turning diameter of its rotor is longer than two American football fields end to end. Later models will be taller than any building on the mainland of Western Europe.Packed with sensors gathering data on wind speeds, electricity output and stresses on its components, the giant whirling machine in the Netherlands is a test model for a new series of giant offshore wind turbines planned by General Electric. When assembled in arrays, the wind machines …
Here’s why the future of American Innovation lies away from the coasts.
The Innovation Lab will have a budget of 10 million dollars, will be located in the Rehovot Science Park and will begin operations in 2021. The partners will include the pharmaceutical companies Teva and Merck, as well as the Biotech Fund.
Bringing hydrogen vehicles into wide use on the East Coast strained even Mr. Strizki’s talent for invention. On the West Coast, Arnold Schwarzenegger, the former California governor, who owned a hydrogen Hummer, cleared regulatory barriers with a pen stroke in 2004. The East has a series of bureaucracies to navigate. For instance, hydrogen is not authorized to travel via bridges and tunnels. “We wouldn’t want to put out a vehicle that you couldn’t drive into Manhattan,” said Gil Castillo, who tracks regulations at Hyundai Motor North America.Further, Air Liquide, a gas manufacturer, quietly built five ready-to-go stations …
Venkat Maroju, SF ’07, believes that the only way to improve one part of an agricultural supply chain is to improve every part. With his radical mobile invention SourceTrace, he is proving out that theory. With software tools to help manage the growth and sale of crops as well as to purchase and track goods, SourceTrace has transformed agricultural supply chains across Africa and around the world.
Venkat Maroju, SF ’07
As a politician in Telangana, the region in southern India where he was raised, Maroju observed the hardships associated with small-plot farming, the source of income for most families in the …
Despite a lot of rhetoric to the contrary, new entrants in an industry tend to have trouble changing how the industry works. In this study of the Champagne industry, the researchers looked at whether that pattern held — and why. They found that vineyard owners strongly resisted structural changes that new Champagne houses (which create and distribute the wine) attempted to introduce. However, the vineyards were much more open to structural change from longstanding Champagne houses — companies that been their partners for a long time. These findings suggest that newcomers need to survey the whole ecosystem they’re working within, and …
Discrimination hurts just about everyone, not only its direct victims.
New research shows that while the immediate targets of racism are unquestionably hurt the most, discrimination inflicts a staggering cost on the entire economy, reducing the wealth and income of millions of people, including many who do not customarily view themselves as victims.
The pernicious effects of discrimination on the wages and educational attainment of its direct targets are being freshly documented in inventive ways by scholarship. From the lost wages of African-Americans because of President Woodrow Wilson’s segregation of the Civil Service, to the losses suffered by Black and Hispanic students because of California’s ban on affirmative action, to the scarcity of Black girls in higher-level high school math courses, the scope of the toll continues to grow.
But farther-reaching effects of systemic racism may be less well understood. Economists are increasingly considering the cost of racially based misallocation of talent to everyone in the economy.
My own research demonstrates, for example, how hate-related violence can reduce the level and long-term growth of the U.S. economy. Using patents as a proxy for invention and innovation, I calculated how many were never issued because of the violence — riots, lynchings and Jim Crow laws — to which African Americans were subjected between 1870 and 1940.
The loss was considerable: The patents that African-Americans could have been expected to receive, given equal opportunity, would have roughly equaled the total for a medium-size European country during that time.
Those enormous creative losses can be expected to have had a direct effect on business investment and therefore on total economic activity and growth.
Other economists are beginning to estimate harm to the economy caused by racism in broad ways.
An important principle suggests that the person who can produce a product or service at a lower opportunity cost than his or her peers has a comparative advantage in that activity. Recent research calculates the effects of the discriminatory practice of placing highly skilled African-American workers, who might have flourished as, say, doctors, into lower-skilled occupations where they had no comparative advantage. Such practices 50 years ago — which linger, to a lesser extent, today — have cost the economy up to 40 percent of aggregate productivity and output today.
Similarly, other research estimates that aggregate economic output would have been $16 trillion higher since 2000 if racial gaps had been closed. To put that total in context, the gross domestic product of the United States in 2019 was $21.4 trillion. The researchers estimate that economic activity could be $5 trillion higher over the next five years if equal opportunity is achieved.
Right now, if more women and African-Americans were participating in the technical innovation that leads to patents, the economist Yanyan Yang and I calculate that G.D.P. per capita could be 0.6 to 4.4 percent higher. That is, it would be between $58,841 to $61,064 per person compared with $58,490 per person in 2019.
This entire line of research suggests that organizations — companies, laboratories, colleges and universities — are leaving colossal sums of money on the table by not maximizing talent and living standards for all Americans.
I have thought and written a lot about remedies. Here are a few ideas aimed at addressing discrimination in the innovation economy. First, we need more training in science, technology, engineering and mathematics (STEM), like the extensive and highly successful program once sponsored by Bell Labs to encourage participation in these fields by women and underrepresented minorities
STEM fields should not be the sole target, however, because the innovation economy encompasses more than this narrow set of subjects. Two of the last three people I’ve talked to at tech firms have a B.A. in international relations and a Ph.D. in political science. Clearly, problem-solving skills matter, but these skills are not unique to the STEM majors.
Second, there is substantial evidence of systemic racism in education, which needs to be addressed. Research shows that professors are less likely to respond to email inquiries about graduate study from Black, Hispanic and female students than from people who are discernibly white and male. A system of incentives — and penalties — could hold those responsible accountable at every level of the education and training process.
At the invention stage, such as at corporate, government and university labs, my research shows that mixed-gender teams are more prolific than those whose members are all female or male. And a large body of literature has documented the positive effects of diversity in teams. Managers at each level should be held responsible for being good stewards of the resources of their companies and promoting diverse teams and behavior and, therefore, better outcomes.
When invention is commercialized and companies sell shares to the public, the wealth gaps are stark. Seven of the world’s 10 richest people on the Forbes list are associated with tech companies that commercialize inventions. Jeff Bezos, Bill Gates, Mark Zuckerberg and Elon Musk are in the top five. None among the top 10 (or 50) is Black.
The statistics for venture capital funding are striking. In 2014, less than 1 percent of venture capital funding went to businesses founded by African-American women, and in 2015, only 2 percent of all venture capitalists were African-American.
A number of worthwhile recommendations have been made to address the lack of diversity at the commercialization stage of innovation. These include:
Enhancing mentoring opportunities through programs such as those of the Small Business Administration.
Seeking and recruiting founders to invest in places like Atlanta, and not exclusively in Silicon Valley.
Addressing systemic racism at every level of management and within venture capital firms.
Diversifying corporate boards so that senior leadership will be held accountable for diversity and workplace climate. (California has done this with women on the boards of public companies.)
The Kapor Center, a think tank that promotes participation by underrepresented minorities in tech fields and education, has proposed noteworthy remedies at many stages, including at the pre-college level.
The social compact most societies have with their governments is that standards of living will rise continually and that each successive generation will be better off than preceding ones. We are robbing countless people of higher standards of living and well-being when we allow racial discrimination to flourish from generation to generation.
Lisa D. Cook, a professor of economics at Michigan State University, is a member of the Biden-Harris transition team.