How the history of technological transformations can assist us much better comprehend financial and political polarization in the age of automation The Innovation Trap is a sweeping account of the history of technological development and how it has actually drastically moved the circulation of financial and political power amongst society’s members.
As Carl Benedikt Frey reveals, the Industrial Transformation produced extraordinary wealth and success over the long term, however the instant effects of mechanization were ravaging. Middle-income tasks withered, salaries stagnated, the labor share of earnings fell, earnings rose, and financial inequality escalated.
These patterns broadly mirror those in our existing age of automation. Simply as the Industrial Transformation ultimately brought about remarkable advantages for society, synthetic intelligence systems have the prospective to do the exact same.
The Innovation Trap shows that in the middle of another technological transformation, the lessons of the past can assist us to better deal with today.
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