Of course, like raking leaves in your lawn, you’re going to run into a kind of diminishing returns situation. So I agree, albeit with an obvious point, My only qualm (beyond the banality of the thesis) is that this dude is forgetting about some other cool advances, such as the sharing economy (Uber/Lyft and airbnb) which kind of changed the world a little, messenger apps (which made day to day life a little more conv…
His point is most , not all, tech innovations don't really pan out. Sure there are examples of great products but there also examples of big duds. For example, according to an EPI paper sharing economy accounts for less than 0.1% of total economy: https://www.epi.org/press/uber-drivers-earn-the-equivalent-o... So, not a win really. At least not right now.
Look at all the money we spend on medical/pharma research. Most of it doesn't pan out, but we're basically ok with that since the rewards are pretty large when it does.