"We live in an information and knowledge-based economy"
About this Quote
The subtext is where the heat is. If the economy is “knowledge-based,” then inequality can be recast as a skills gap rather than a power gap. Wages stagnate? Maybe people need more training. Jobs move overseas? Maybe workers need STEM. That framing can be earnest, but it also conveniently downplays corporate consolidation, weakened labor protections, and the fact that plenty of essential work remains stubbornly material: caregiving, logistics, construction, food production. Even in tech, “knowledge” is often extracted from crowds, users, and low-paid contractors, then packaged as proprietary value.
Contextually, Scott’s rhetoric sits in a long late-20th/early-21st century bipartisan groove: globalization accelerates, the internet reorganizes whole industries, and policymakers look for a story that fits both optimism about innovation and anxiety about displacement. The phrase works because it sounds future-facing without naming winners and losers. It’s a soft sell for hard choices, dressing economic transformation in the reassuring language of progress.
Quote Details
| Topic | Knowledge |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Scott, Bobby. (2026, January 15). We live in an information and knowledge-based economy. FixQuotes. https://fixquotes.com/quotes/we-live-in-an-information-and-knowledge-based-149631/
Chicago Style
Scott, Bobby. "We live in an information and knowledge-based economy." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/we-live-in-an-information-and-knowledge-based-149631/.
MLA Style (9th ed.)
"We live in an information and knowledge-based economy." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/we-live-in-an-information-and-knowledge-based-149631/. Accessed 12 Feb. 2026.







