Techno-News Blog

October 29, 2011

How IT Costs More Jobs than It Creates

Filed under: Uncategorized — admin @ 12:15 am

By David Talbot, Technology Review

A new book challenges the standard view that technological advances are always good for employment. Recent advances in information technologies may be driving people out of work and enriching the already rich, a new book argues. The book challenges the long-held view that new technology displaces workers in the short term but always creates more jobs in the long term. Erik Brynjolfsson, director of the Center for Digital Business at MIT’s Sloan School of Management, and Andrew McAfee, a principal research scientist at the center, cowrote the new e-book, Race Against the Machine: How the Digital Revolution Is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy, which is released today.

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