How Technology Is Destroying Jobs By David Rotman Summary
In the passage “How Technology Is Destroying Jobs”, David Rotman analyses how technological advances have contributed to the reduction of job growth in spite of having boosted production and wealth creation. This phenomenon has ultimately put the average worker at stake.
According to the author, MIT scholars Brynjolfsson and McAfee believe that the advent of more sophisticated as well as efficient forms of automatized technology have widened the gap of inequality and unemployment in the US. Based on the economic concept of ‘productivity’, wealth creation and unemployment should be mutually exclusive, as the former makes a country busier in terms of economic activity, which in turn will, or hypothetically, would give way to the creation of
According to the author, MIT scholars Brynjolfsson and McAfee believe that the advent of more sophisticated as well as efficient forms of automatized technology have widened the gap of inequality and unemployment in the US. Based on the economic concept of ‘productivity’, wealth creation and unemployment should be mutually exclusive, as the former makes a country busier in terms of economic activity, which in turn will, or hypothetically, would give way to the creation of