[EPUB] ✰ The Technology Trap Author Carl Benedikt Frey – Horse-zine.co.uk

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    In a 2013 study, Frey and his Oxford colleague Michael Osborne concluded that almost half of U.S jobs are at risk of being automated by AI and robots In this book, Frey tells us what happened in the past when people s livelihoods were threatened by machines.The reader should be warned that this is a long book Frey includes an overview of the history of technology from the 1700s till now, making some chapters feel like a condensed version of Robert Gordon s The Rise and Fall of American Growth It s not a bad summary, but the best parts of this book describe how jobs and technology have collided in the past.Here are some of Frey s key points The key distinction to make with technology is whether it assists workers with their jobs, making them productive, or completely replaces workers, eliminating their jobs While pattern recognition helps the dermatologist diagnose skin cancer, it doesn t replace the dermatologist However, speech recognition used at the drive through at McDonald s and Taco Bell is designed to eliminate jobs The same is true for self driving trucks Before the First Industrial Revolution, workers typically resisted any technology that would put them out of work They usually won because the royals and landowners who held political power feared massive rebellion Following worker riots against automatic looms in Europe, Germany prohibited the machines for 40 years Charles I banned the casting of buckets because he didn t want to put the traditional craftsmen out of work Tsar Nicholas I would not even allow industrial exhibitions in order to prevent new ideas about factories from spreading But during the First Industrial Revolution, which began around 1769, Britain wanted to compete economically with other countries, and British cities were competing against each other So when the silk and cotton textile industry built the first factories and automated the spinning and weaving processes, the government protected them Parliament passed an act that made the destruction of machines a crime punishable by death The Luddites rioted, and than 30 were hanged Factory jobs were simplified so children could be the robots of the day In the 1830s over half of the workers in textile factories were children The lives of the displaced artisans suffered They lost income, died earlier, and the height of their children would be lower, indicating malnutrition Ultimately the new factory productivity brought Britain great wealth But it took over 50 years for the average person to see the benefits come to them The Second Industrial Revolution that took place in America beginning in the 1870s was a very different experience Electricity, automobiles, and mass production introduced new technology into the workplace But Frey believes most workers saw this technology as helping them, not replacing them Wages and benefits rose for the middle class, and income inequality fell Since 1980, wages for the middle class have fallen behind Unskilled factory jobs that require only a high school diploma have either been sent abroad or automated Frey thinks this trend will continue Jobs that require the least education and skills are the most likely to be automated by AI and robots Of note, Frey does not believe we will see massive job losses anytime soon Instead, he repeats Roy Amara s famous adage We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.

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The Technology Trap download The Technology Trap , read online The Technology Trap , kindle ebook The Technology Trap , The Technology Trap 51fcd54722ed How The History Of Technological Revolutions Can Help Us Better Understand Economic And Political Polarization In The Age Of Automation From The Industrial Revolution To The Age Of Artificial Intelligence, The Technology Trap Takes A Sweeping Look At The History Of Technological Progress And How It Has Radically Shifted The Distribution Of Economic And Political Power Among Society S Members As Carl Benedikt Frey Shows, The Industrial Revolution Created Unprecedented Wealth And Prosperity Over The Long Run, But The Immediate Consequences Of Mechanization Were Devastating For Large Swaths Of The Population Middle Income Jobs Withered, Wages Stagnated, The Labor Share Of Income Fell, Profits Surged, And Economic Inequality Skyrocketed These Trends, Frey Documents, Broadly Mirror Those In Our Current Age Of Automation, Which Began With The Computer RevolutionJust As The Industrial Revolution Eventually Brought About Extraordinary Benefits For Society, Artificial Intelligence Systems Have The Potential To Do The Same But Frey Argues That This Depends On How The Short Term Is Managed In The Nineteenth Century, Workers Violently Expressed Their Concerns Over Machines Taking Their Jobs The Luddite Uprisings Joined A Long Wave Of Machinery Riots That Swept Across Europe And China Today S Despairing Middle Class Has Not Resorted To Physical Force, But Their Frustration Has Led To Rising Populism And The Increasing Fragmentation Of Society As Middle Class Jobs Continue To Come Under Pressure, There S No Assurance That Positive Attitudes To Technology Will PersistThe Industrial Revolution Was A Defining Moment In History, But Few Grasped Its Enormous Consequences At The Time The Technology Trap Demonstrates That In The Midst Of Another Technological Revolution, The Lessons Of The Past Can Help Us To Effectively Face The Present