I came across a great phrase last week: “practicing at the top of your license.” The words come from healthcare – they refer to practicing medicine as a licensed professional. But they also open up a new way of thinking about the future of innovation and employment.
Healthcare is one of the strangest corners of the working world, because it is just about the only one in which technology innovation has done nothing to make things cheaper. Quite the reverse: each new innovation in diagnosis and treatment seems to trigger an arms race in which providers compete to plunk down more millions on shiny toys, with insurers, governments and ultimately patients picking up the tab.
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