The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
Andrew McAfeeamazon.com
The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies
Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier
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That one is the fact that as technology and information play a bigger role in business and our lives, labor becomes less necessary
Howard Marks • Howard Marks Memo - The Winds of Change
As Brynjolfsson and McAfee point out in The Second Machine Age, over the past thirty years, the United States has seen steady growth in worker productivity but stagnant growth in median income and employment. Brynjolfsson and McAfee call this “the great decoupling.” After decades when productivity, wages, and jobs rose in almost lockstep fashion, t
... See moreKai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order
The MIT economist David Autor has shown that instead of inequality rising across the board, there are actually two different effects: inequality rising at the top and lowering at the bottom.2 This matches Cowen’s thesis of average being over, with the middle part of the income spectrum being compressed into the bottom and stretched out at the top.
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