Technology Trap Frey Carl Benedikt
How the history of technological revolutions can help us better understand economic and political polarization in the age of automationFrom the Industrial Revolution to the age of artificial…
Specifikacia Technology Trap Frey Carl Benedikt
How the history of technological revolutions can help us better understand economic and political polarization in the age of automationFrom the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes a sweeping look at the history of technological progress and how it has radically shifted the distribution of economic and political power among society's members. As Carl Benedikt Frey shows, the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanization were devastating for large swaths of the population. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends, Frey documents, broadly mirror those in our current age of automation, which began with the Computer