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{epub download} The Technology Trap: Capital, Labor, and Power in the Age of Automation

2022.03.08 01:16

The Technology Trap: Capital, Labor, and Power in the Age of Automation by Carl Benedikt Frey

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Free best selling ebook downloads The Technology Trap: Capital, Labor, and Power in the Age of Automation in English

How the history of technological revolutions can help us better understand economic and political polarization in the age of automation The Technology Trap is a sweeping account of 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. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends broadly mirror those in our current age of automation. But, just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present.

Does tech threaten to rerun the worst of the Industrial
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The Technology Trap: Capital Labor, and Power in the Age of Automation. By Carl Benedikt Frey. Princeton: Princeton University Press, 2019. Chapter 76 - Capital, Labor, and Power in the Age of Automation
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