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Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and
89% of respondents would recommend this to a friend
Item #:
99991
ZAR 319
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What Stands Out
Digital Insights
Offers critical analysis of the digital revolution, highlighting its impact on innovation and productivity, making it an essential read for understanding contemporary economic dynamics.
Employment Impact
Explores how technology affects job markets, providing valuable insights for workers and employers navigating a rapidly changing employment landscape.
Future Trends
Foresees future economic trends shaped by technology, equipping readers with knowledge to anticipate changes and adapt effectively in an evolving job environment.
Product Details
- 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 popular explanation right now is that the root cause underlying these symptoms is technological stagnation-- 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 fact, 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 to ensure that the average worker is not left behind by cutting-edge machines. In Race Against the Machine Brynjolfsson and McAfee bring together a range of statistics, examples, and arguments to show that technological progress is accelerating, and that this trend has deep consequences for skills, wages, and jobs. 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.
| Publisher | Digital Frontier Press |
| Publication date | January 23, 2012 |
| Edition | 58895th |
| Language | English |
| Print length | 98 pages |
| ISBN-10 | 0984725113 |
| ISBN-13 | 978-0984725113 |
| Item Weight | 5.4 ounces (153.09 grams) |
| Dimensions | 6 x 0.23 x 9 inches (15.2 x 0.6 x 22.9 cm) |
Who Should Buy?
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Business Professionals
Ideal for professionals seeking insights into how technology affects productivity and innovation in the workplace.
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Students of Economics
A valuable resource for economics students wanting to understand the impact of digital advancements on job markets.
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Tech Enthusiasts
Perfect for individuals passionate about how technology influences various sectors, including economy and employment.
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Casual Readers
Not suitable for those simply looking for entertaining or light reading without technical depth.
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Economic Conditions Editorial Review
**** "Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment" by Erik Brynjolfsson and Andrew McAfee offers a comprehensive and engaging exploration of how technology is reshaping our economy. The authors masterfully present the complex relationship between technological advancement and its economic Consequences, making it highly accessible for both academic and general audiences. The book reframes the often-feared march of automation and AI as an inevitable evolution rather than a dystopian threat. Rather than lamenting the impact of technology on employment, the authors invite readers to understand the unfolding dilemmas and opportunities created by advancements in tools and techniques that enhance productivity. Structured into five succinct chapters, "Race Against the Machine" tackles topics from the fundamentals of technology's influence on jobs and the economy to profound insights on creative destruction and necessary innovations within corporate structures. Particularly noteworthy is Chapter 3, which dissects the varying impacts of technology on different segments of the workforce, highlighting the divide between highly-skilled and less-skilled workers. The authors also provoke thought with actionable recommendations for business leaders and policymakers, suggesting pathways to harness technology positively for job creation rather than destruction. Their approach is underpinned by ample data and research, enhanced by the e-book format that allows readers to dive deeper into referenced materials through hyperlinks. Hot on the heels of this thought-provoking content, the book benefits from being concise and engaging, ensuring that readers can digest its insights in a brief sitting—making it an ideal companion for travel or moments of reflection. Priced at just $2.99, it represents excellent value for anyone interested in understanding the current and future trajectory of our digital economy and its broader implications. Ultimately, Brynjolfsson and McAfee equip readers with the knowledge to not only grasp the challenges posed by technological progress but also to critically engage in discussions about the future of employment in a machine-dominated landscape. **
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Pros
- Clear and concise writing style.
- Thought-provoking insights on the economy and technology.
- Actionable recommendations for policymakers and executives.
- Extensive data backing the arguments, with hyperlinks for further exploration.
- Quick and engaging read, perfect for on-the-go learning.
Cons
- Some readers may find the recommendations align politically with more Conservative viewpoints.
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Features & Benefits
- Explores why median income is stagnant in the US and falling employment rates.
- Argues against the notion of technological stagnation; asserts digital innovation is accelerating.
- Highlights the profound economic implications of rapid digital technology advances.
- Shows how digital innovation boosts productivity and reduces prices.
- Warns that many workers risk being left behind as their skills are mastered by computers.
- Calls for new business models and organizational structures to adapt to technological change.
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