Name: The key to growth? Race with the machines
Uploaded: 2013-04-23T15:03:41Z
Duration: 11 min 42 s
Description: As machines take on more jobs, many find themselves out of work or with raises indefinitely postponed. Is this the end of growth? No, says Erik Brynjolfsson -- it’s simply the growing pains of a radically reorganized economy. A riveting case for why big innovations are ahead of us … if we think of computers as our teammates. Be sure to watch the opposing viewpoint from Robert Gordon.

As machines take on more jobs, many find themselves out of work or with raises indefinitely postponed. Is this the end of growth? No, says Erik Brynjolfsson -- it’s simply the growing pains of a radically reorganized economy. A riveting case for why big innovations are ahead of us … if we think of computers as our teammates. Be sure to watch the opposing viewpoint from Robert Gordon.

The key to growth? Race with the machines

Technological progress is accelerating, but its benefits are increasingly decoupled from jobs and wages. Productivity and global incomes reached new highs as digital tools, like machine learning, revolutionize industries and offer abundant, sometimes free, goods and services. Yet this surge leaves many workers behind, as routine jobs are automated and income stagnates for the majority. The key is learning to collaborate with machines rather than compete against them, creating new pathways for innovation and prosperity.