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“That robots, automation, and software can replace people might seem obvious to anyone who’s worked in automotive manufacturing or as a travel agent. But Brynjolfsson and McAfee’s claim is more troubling and controversial. They believe that rapid technological change has been destroying jobs faster than it is creating them, contributing to the stagnation of median income and the growth of inequality in the United States. And, they suspect, something similar is happening in other technologically advanced countries.” […]
“It is this onslaught of digital processes, says Arthur, that primarily explains how productivity has grown without a significant increase in human labor. And, he says, “digital versions of human intelligence” are increasingly replacing even those jobs once thought to require people. “It will change every profession in ways we have barely seen yet,” he warns.”
Date liked: 2013/06/19 20:06:04
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Liked from: The New Aesthetic
Originally posted from: technologyreview.com
Original link: http://www.technologyreview.com/featuredstory/515926/how-technology-is-destroying-jobs/
Tagged:
manufacturing 18
automation 18
economics 15
productivity 10
employment 5
us economy 4
income inequality 4
economic trends 4
gdp 3
digital technology 2