Tuesday, August 13, 2013

Technology, Education, Jobs and the Distribution of Income.


Interesting comment from the OECD:
Jan Tinbergen....argued that the way incomes were distributed across society reflected in part a “race between technology and education”. When technology was winning, more rewards went to fewer people; when education was winning, more people were able to make use of technology in their work, and the rewards were spread much further. 
At the moment, technology seems to be winning, which is one reason why you hear so many calls for more investment in education. But the MIT researchers seem to go further, arguing that today’s technologies and “digital versions of human intelligence” may prove to be permanent game changers: “I would like to be wrong,” Andrew McAfee says, “but when all these science-fiction technologies are deployed, what will we need all the people for?”

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