EAN: 9780691210797

TECHNOLOGY TRAP - CARL BENEDIKT FREY KARTONIERT...

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.

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