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Race Against The Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy by [Brynjolfsson, Erik, McAfee, Andrew]
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Race Against The Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy Kindle Edition

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Length: 98 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English

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Product Description

Why has median income stopped rising in the US?
Why is the share of population that is working falling so rapidly?
Why are our economy and society are becoming more unequal?

A growing chorus is arguing that the root cause underlying these symptoms is stagnation in technology -- a slowdown in the kinds of ideas and inventions that bring progress and prosperity.

In Race Against the Machine, MIT’s Erik Brynjolfsson and Andrew McAfee present a very different explanation. Drawing on research by their team at the Center for Digital Business, they show that there’s been no stagnation in technology -- in particular, the digital revolution is accelerating. Recent advances, are the stuff of science fiction. Computers now drive cars in traffic, translate between human languages effectively, and beat the best human Jeopardy! players.

As these examples show, digital technologies are rapidly encroaching on skills that used to belong to humans alone. This phenomenon is both broad and deep, and has profound economic implications. Many of these implications are positive; digital innovation increases productivity, reduces prices (sometimes to zero), and grows the overall economic pie.

But digital innovation has also changed how the economic pie is distributed, and here the news is not good for the median worker. As technology races ahead, it can leave many people behind. Workers whose skills have been mastered by computers have less to offer the job market, and see their wages and prospects shrink. Entrepreneurial business models, new organizational structures and different institutions are needed.

In Race Against the Machine Brynjolfsson and McAfee bring together a range of statistics, examples, and arguments to show that the average worker is not keeping up with cutting-edge technologies, and so is losing the race against the machine. The book makes the case that employment prospects are grim for many today not because there’s been technology has stagnated, but instead because we humans and our organizations aren’t keeping up.

About the Author

Erik Brynjolfsson is a professor at the MIT Sloan School of Management, Director of the MIT Center for Digital Business, Chairman of the Sloan Management Review, a research associate at the National Bureau of Economic Research, and co-author of Wired for Innovation: How IT Is Reshaping the Economy. He graduated from Harvard University and MIT. Andrew McAfee is a principal research scientist and associate director at the MIT Center for Digital Business at the Sloan School of Management. He is the author of Enterprise 2.0: New Collaborative Tools for Your Organization's Toughest Challenges. He graduated from MIT and Harvard University.

Product details

  • Format: Kindle Edition
  • File Size: 518.0 KB
  • Print Length: 98 pages
  • Publisher: Digital Frontier Press (17 October 2011)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B005WTR4ZI
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 5.0 out of 5 stars 1 customer review
  • Amazon Bestsellers Rank: #271,397 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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