The Technology Trap: Capital, Labor, and Power in the Age of Automation by Carl Benedikt Frey
What is the impact of technology on society? The answer is tricky. In the short term, current occupations are destroyed. Those that spent much time developing skills find those skills irrelevant. The skilled artisans must fight for new positions once their past jobs are eliminated. In the long run, society is usually better off. People have access to more lower priced goods. Those who lost their livelihood eventually find new work (or leave the workforce.) New career opportunities appear.
The book details many cases of technology change through history. The response has differed depending on implementation. Workers were not thrilled when skilled jobs were replaced by unskilled children. When workers have been able to benefit from increased technology they are happier with the changes. Social safety nets also increase the willingness of people to adopt the changes.
No comments:
Post a Comment