The next production revolution will be a boon for a global economy that is sputtering and experiencing lagging growth and investment. This new technology wave should lead to a virtuous cycle of increased investment, higher productivity, more spending, and more investment.

The FAA’s approval for Prime Air drone delivery is a promising step forward, but the FAA needs to streamline the process and update its rules to better reflect current technology.

Increased automation—with its ability to significantly boost societal productivity—is needed to help modern nations address seemingly intractable challenges such as sluggish wage growth, aging populations, rising health care costs, environmental restorations, global competitiveness, and often-worrisome levels of public sector debt.