Attention Economy


Wednesday, December 14, 2016

Technology, Automation and the Labor Market

An interesting piece from Elizabeth Kolbert
“Meanwhile, the global economy kept growing, in large part because of the new machines. As one occupation vanished, another came into being. Employment migrated from farms and mills to factories and offices to cubicles and call centers.
Economic history suggests that this basic pattern will continue, and that the jobs eliminated by Watson and his ilk will be balanced by those created in enterprises yet to be imagined—but not without a good deal of suffering. If nearly half the occupations in the U.S. are “potentially automatable,” and if this could play out within “a decade or two,” then we are looking at economic disruption on an unparalleled scale. Picture the entire Industrial Revolution compressed into the life span of a beagle.”