Race Against the Machine

MIT economist Erik Brynjolfsson emails me:

I concur amongst your recent weblog post that "the timing suggests that the 2 trends--the increasing value of didactics in addition to the rise portion of the summit 1 percent--may hold out related." But how are they related?  I intend the biggest unmarried constituent is the digital revolution, which is boosting the economic scheme in addition to benefitting you, me in addition to Paul Krugman, piece leaving many people behind.  The median worker's skills in addition to our institutions aren't keeping upwards amongst accelerating technological change.

I hash out this inwards my rattling brusk novel ebook (about 20,000 words) amongst Andrew McAfee called "Race Against the Machine: How the Digital Revolution Accelerates Innovation, Drives Productivity in addition to Irreversibly Transforms Employment in addition to the Economy".  In it, nosotros try to reconcile the fact that the 2000s has been the best decade since the 1960s for productivity growth, improve than the roaring 1990s even. And withal median reward accept largely stagnated in addition to usage truly has fallen since 2000. We attribute this inwards purpose to the fact that tech. progress is driving productivity fifty-fifty has it leaves many types of workers behind.  In fact, a large grouping has been made worse off, fifty-fifty equally those amongst didactics in addition to talent accept gained immensely, in addition to opportunities for entrepreneurs are improve than ever.  In my judgment, the underlying trends are on runway to accelerating inwards coming years.

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