And one of the oldest and most pervasive and pernicious economic ideas is that technology kills jobs.
"As Jim Barksdale, the former CEO of Netscape quipped, 'If we have data, let’s look at data. If all we have are opinions, let’s go with mine,'" write Erik Brynjolfsson.
In a phone interview, Brynjolfsson made the point that “we are far from tapping out the innovations” growing out of digitization, computers and information technology.
Erik Brynjolfsson at MIT say computers are already automating routine, processing type roles and that, in the future, robots will do increasingly "high skill" things as well.
MIT Professor Erik Brynjolfsson noted at the recently concluded World Economic Forum in Davos, Switzerland, "GDP is a poor way of assessing the health of our economies and we urgently need to find...
Six MIT Sloan faculty members and alumni were honored at the biennial Thinkers50 awards in London.
"My reading of the data is that technology is the main driver of the recent increases in inequality. It's the biggest factor," Erik Brynjolfsson told "Technology Review."
“With enough data, you can infer drug use or political persuasions,” he said. “These are things that are racing ahead, and we haven’t thought them through.”
While it is true that robots are getting very good at a whole bunch of jobs and tasks, there are still many categories in which humans perform better.
Erik Brynjolfsson and Andrew McAfee, in their recent book The Second Machine Age, argue that automation and advanced technologies are root causes to the widening income gap. But is it?
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