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Race Against the Machine - How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy (Paperback)
Loot Price: R344
Discovery Miles 3 440
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Race Against the Machine - How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy (Paperback)
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Loot Price R344
Discovery Miles 3 440
Expected to ship within 10 - 15 working days
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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.
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