Race Against the Machine : How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy
April 1, 2013
From the publisher:
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. 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.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.
Race Against the Machine : How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy, by Erik Brynjolfsson and Andrew McAfee. Lexington, Mass. : Digital Frontier Press, 2011. 92 p. ISBN 9780984725113
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