Automation and AI: How it will affect the future of work. – #293
In this episode:
Automation and AI: How it will affect the future of work.
The difference between enabling and augmenting technologies. The impact of cities and alcohol prohibition on innovation.
Which skills we should all be developing in this new age.Carl Benedikt Frey’s latest work ‘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.
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