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Seth Godin | Backwards

Seth Godin (http://sethgodin.com) was our speaker at this month's CreativeMornings (http://creativemornings.com) themed "Backwards".

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Technology and job destruction

 

professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine.


They believe that rapid technological change has been destroying jobs faster than it is creating them, contributing to the stagnation of median income and the growth of inequality in the United States. And, they suspect, something similar is happening in other technologically advanced countries.






Productivity increases but jobs do not increase

In economics, productivity—the amount of economic value created for a given unit of input, such as an hour of labor—is a crucial indicator of growth and wealth creation. It is a measure of progress. On the chart Brynjolfsson likes to show, separate lines represent productivity and total employment in the United States. For years after World War II, the two lines closely tracked each other, with increases in jobs corresponding to increases in productivity. The pattern is clear: as businesses generated more value from their workers, the country as a whole became richer, which fueled more economic activity and created even more jobs. Then, beginning in 2000, the lines diverge; productivity continues to rise robustly, but employment suddenly wilts. By 2011, a significant gap appears between the two lines, showing economic growth with no parallel increase in job creation. Brynjolfsson and McAfee call it the “great decoupling.” And Brynjolfsson says he is confident that technology is behind both the healthy growth in productivity and the weak growth in jobs.

Other Economist says the economic and productivity growth has not been strong enough

David Autor, an economist at MIT who has extensively studied the connections between jobs and technology, also doubts that technology could account for such an abrupt change in total employment. “There was a great sag in employment beginning in 2000. Something did change,” he says. “But no one knows the cause.” Mor


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Algo Hunters - An Interview with Barry Schwartz | SEOmoz

Algo Hunters - An Interview with Barry Schwartz | SEOmoz | best of Ted | Scoop.it
The Daily SEO Blog. Dr. Pete SEOmoz Staff ...
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Elementary School Stop Stealing Dreams Seth Godin (video)

virtual university. minnetonka public schools. associate degree. dublin city schools. high school. elementary school. national university. school. university...

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       Behind the Great Chinese Firewall - China, Firewall - sciencestage.com Informatics

Behind the Great Chinese Firewall
Michael Anti: Behind the Great Firewall of China, TEDTalks, Filmed June 2012
Michael Anti (aka Jing Zhao) has been blogging from China for 12 years.

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