Averting a Technology-Driven Social Crisis

TREND #3





Broadly speaking, technology impacts the economy via two pathways. One pathway is referred to as a utomation , which replaces human activity with technology-based alternatives. The second, is referred to as augmentation, which enables people themselves to be more productive.

The good news according to Erik Brynjolfsson, Director of the Stanford Digital Economy Laboratory, is that both automation and au.....
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