11.03.2011
Does information technology destroy or create jobs?
Does information technology destroy or create jobs? Debate heats up
A sobering article... People at every level of the economy are subject to robotic replacement.
In the latest edition of MIT Technology Review, David Talbot reviewed Brynjolfsson and McAfee’s new book: Race Against The Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy, and pulls out the observation that the digital economy may be favoring that 1% at the top of the pyramid while sapping opportunities at lower levels of the economy.
The first decade of the 2000s was a time of accelerating technology, accompanied by stagnant employment growth, the authors point out. Employment fell by 1% during the past decade, compared to 20% growth in the 1980s and 1990s. This is no coincidence, Brynjolfsson and McAfee say. For example, increasing automation has dramatically reduced the need for customer service workers across many industries, such as airline reservations or directory assistance, the authors point out. MacAfee also points out that “certain kinds of document examination once done by armies of lawyers—can now be done competently by scanning technologies and software.”
A sobering article... People at every level of the economy are subject to robotic replacement.
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I just wanted to add something to your website. They built a new grocery store near my mobile home park. There are no grocery clerks there. Everthing is auto check out. Two machines have conveyor belts so a few baggers can help people with a lot of groceries.
I have been trying to keep up with these things ever since i heard a lecture by Hans Morovic. Very interesting man.
Thanks for your blog
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I have been trying to keep up with these things ever since i heard a lecture by Hans Morovic. Very interesting man.
Thanks for your blog
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: 12:48 PM, November 18, 2011
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