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Cover: 9780691172798 | The Technology Trap | Carl Benedikt Frey | Buch | Gebunden | Englisch
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The Technology Trap
Capital, Labor, and Power in the Age of Automation
Buch von Carl Benedikt Frey
Sprache: Englisch

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Beschreibung
From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes a sweeping look at 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 for large swaths of the population. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends, Frey documents, broadly mirror those in our current age of automation, which began with the Computer Revolution. Just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. But Frey argues that this depends on how the short term is managed. In the nineteenth century, workers violently expressed their concerns over machines taking their jobs. The Luddite uprisings joined a long wave of machinery riots that swept across Europe and China. Today's despairing middle class has not resorted to physical force, but their frustration has led to rising populism and the increasing fragmentation of society. As middle-class jobs continue to come under pressure, there's no assurance that positive attitudes to technology will persist.
From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes a sweeping look at 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 for large swaths of the population. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends, Frey documents, broadly mirror those in our current age of automation, which began with the Computer Revolution. Just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. But Frey argues that this depends on how the short term is managed. In the nineteenth century, workers violently expressed their concerns over machines taking their jobs. The Luddite uprisings joined a long wave of machinery riots that swept across Europe and China. Today's despairing middle class has not resorted to physical force, but their frustration has led to rising populism and the increasing fragmentation of society. As middle-class jobs continue to come under pressure, there's no assurance that positive attitudes to technology will persist.
Über den Autor
Carl Benedikt Frey
Details
Erscheinungsjahr: 2019
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Seiten: 480
Inhalt: Gebunden
ISBN-13: 9780691172798
ISBN-10: 069117279X
Sprache: Englisch
Einband: Gebunden
Autor: Frey, Carl Benedikt
Hersteller: Princeton University Press
Maße: 241 x 161 x 38 mm
Von/Mit: Carl Benedikt Frey
Erscheinungsdatum: 18.06.2019
Gewicht: 0,849 kg
preigu-id: 114900126
Über den Autor
Carl Benedikt Frey
Details
Erscheinungsjahr: 2019
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Seiten: 480
Inhalt: Gebunden
ISBN-13: 9780691172798
ISBN-10: 069117279X
Sprache: Englisch
Einband: Gebunden
Autor: Frey, Carl Benedikt
Hersteller: Princeton University Press
Maße: 241 x 161 x 38 mm
Von/Mit: Carl Benedikt Frey
Erscheinungsdatum: 18.06.2019
Gewicht: 0,849 kg
preigu-id: 114900126
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