Thought deserved new thread concidering the talks on unemployment, job prospects then thought this would be very relevant thread to chew.
Two researchers from MIT bring out book on monday sadly only place saw the book was amazon ebook for kindle its on the com site not uk's.
The Book called RACE AGAINST MACHINE. To excercise there credentials
http://www.zeitnews.org/social-and-b...ot-people.html
Quote:
Erik Brynjolfsson, an economist and director of the M.I.T. Center for Digital Business, and Andrew P. McAfee, associate director and principal research scientist at the center, are two of the nation’s leading experts on technology and productivity
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They dont print pretty picture bring warnings. what devestation happened to blue collar workers is now happening to white collar workforce it will be just as devestating.
http://www.amazon.com/Race-Against-M.../dp/B005WTR4ZI
here some who already read it customer reviews
http://www.amazon.com/Race-Against-M...owViewpoints=1
If we cant get balance we doomed in my opinion what we was told in 70s 80's we would all work less hours have more freetime. The boom in leisure market like home PC's came to service this extra freetime. Reality what happened was jobs got slashed unemployment grew. Education programme to restructure workforce to other jobs offset so much but many got left on scrapheap as machines moved in humans got dumped. instead working in harmony with many firms went from examples of 200 workforce to less than 60.
It had to have effect how much did it have hand in recession as many found themselves jobless and no income. Less money to churn the economy.
Now it seems we could be facing bigger battle too sound of it. review dont paint good picture at all.
Some will not agree indeed some experts in the article
Quote:
The M.I.T. authors’ claim that automation is accelerating is not shared by some economists. Prominent among them are Robert J. Gordon of Northwestern and Tyler Cowen of George Mason University, who contend that productivity improvement owing to technological innovation rose from 1995 to 2004, but has trailed off since. Mr. Cowen emphasized that point in an e-book, “The Great Stagnation,” published this year.
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They do counter very well said we ignored signs in the 30's and was denial technological progress would lose jobs as econamy could not keep up to create job markets.
Are we in similar hole today is the market struggling to keep pace with technological progress which sheds jobs. The market struggling to bring inovation new job markets to fill the hole. At what point do we hit the buffers or are we already close to doing so.
Can we slow the pace of change to get a balance afterall it takes time and money to train. Will the economical climate devestate it even more as firms scrambles to safeguard profits or become greedy.