No Image Available

Race Against the Machine

- How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy
 Author: Erik Brynjolfsson, Andrew McAfee ,  Category: Business & Economics, Technology & Engineering  Publisher: Digital Frontier Press  Published: January 1, 2012  ISBN: 0984725113  Pages: 98
 Description:

Why has median income stopped rising in the US? Why is the share of population that is working falling so rapidly? Why are our economy and society are becoming more unequal? A popular explanation right now is that the root cause underlying these symptoms is technological stagnation– a slowdown in the kinds of ideas and inventions that bring progress and prosperity. In Race Against the Machine, MIT’s Erik Brynjolfsson and Andrew McAfee present a very different explanation. Drawing on research by their team at the Center for Digital Business, they show that there’s been no stagnation in technology — in fact, the digital revolution is accelerating. Recent advances are the stuff of science fiction: computers now drive cars in traffic, translate between human languages effectively, and beat the best human Jeopardy! players. As these examples show, digital technologies are rapidly encroaching on skills that used to belong to humans alone. This phenomenon is both broad and deep, and has profound economic implications. Many of these implications are positive; digital innovation increases productivity, reduces prices (sometimes to zero), and grows the overall economic pie. But digital innovation has also changed how the economic pie is distributed, and here the news is not good for the median worker. As technology races ahead, it can leave many people behind. Workers whose skills have been mastered by computers have less to offer the job market, and see their wages and prospects shrink. Entrepreneurial business models, new organizational structures and different institutions are needed to ensure that the average worker is not left behind by cutting-edge machines. In Race Against the Machine Brynjolfsson and McAfee bring together a range of statistics, examples, and arguments to show that technological progress is accelerating, and that this trend has deep consequences for skills, wages, and jobs. The book makes the case that employment prospects are grim for many today not because there’s been technology has stagnated, but instead because we humans and our organizations aren’t keeping up.

Other Books From - Business & Economics

No Image Available WTF? Business & Economics, Forecasting, Public Policy, Strategy, Technology & Engineering Tim O'Reilly
No Image Available Non-Obvious 2017 Business & Economics, Forecasting, Strategy Rohit Bhargava
No Image Available This Changes Everything Business & Economics, Climate, International, Public Policy Naomi Klein
No Image Available Business Adventures Business & Economics John Brooks
No Image Available Without Their Permission Business & Economics, Entrepreneurship Alexis Ohanian
No Image Available Average is Over Automation, Business & Economics, Economics, Robotics Tyler Cowen
No Image Available Creating Innovators Business & Economics, Education, Innovation Tony Wagner
No Image Available Zarrella’s Hierarchy of Contagiousness Business & Economics, Creativity, Ideas, Technology & Engineering Dan Zarrella
No Image Available Predictably Irrational Business & Economics, Psychology, Social Sciences Dan Ariely
No Image Available Here Comes Everybody Business & Economics, Communication, Technology & Engineering Clay Shirky

Other Books By - Erik Brynjolfsson, Andrew McAfee

No Image Available The Second Machine Age Business & Economics, Social Aspects of Technology Erik Brynjolfsson, Andrew McAfee

About the author

[books_gallery_author author="Erik Brynjolfsson, Andrew McAfee"]  Back
Don`t copy text!