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Sunday, May 9, 2021

Technology and Inequality

 Thomas Edsall at NYT:

Technological advancement has been one of the key factors in the growth of inequality based on levels of educational attainment, as the accompanying graphic shows:


The change in weekly earnings among working age adults since 1963. Those with more education are climbing ever higher, while those with less education — especially men — are falling further behind.

[Daron] Acemoglu warns:
If artificial intelligence technology continues to develop along its current path, it is likely to create social upheaval for at least two reasons. For one, A.I. will affect the future of jobs. Our current trajectory automates work to an excessive degree while refusing to invest in human productivity; further advances will displace workers and fail to create new opportunities. For another, A.I. may undermine democracy and individual freedoms.