Andy McAfee, MIT

Has Technology Been Bad For the Average Worker?

October 25, 2012 | 3:00pm - 4:30pm | Cotting Conference Room | Open to public

Organizer

Strategy Unit

Technology & Operations Management Unit

Digital Initiative

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The Digital Era has clearly benefited companies by enabling higher productivity and benefited consumers by increasing choice and surplus. Its effects on workers, however, are less clear. The labor market has become more polarized in recent years, median wealth and income have stagnated (or worse), and unemployment and underemployment are perhaps the most vexing aspects of the current recovery. What role, if any, do digital technologies play in these phenomena? This presentation will take up this question, bringing together recent economic and technological developments to advance a hypothesis: that as technology races ahead, it is leaving many workers behind, and that this trend is likely to accelerate in the future.​