Wednesday, December 7, 2016

The Next Technology Revolution Will Drive Abundance And Income Disparity

The new technology revolution will result in dramatically increasing productivity and abundance but the process of getting there raises all sorts of questions about the changing nature of work and the likely increase in income disparity.

With less need for human labor and judgment, labor will be devalued relative to capital and even more so relative to ideas and machine learning technology. 

In an era of abundance and increasing income disparity, we will need a new version of capitalism that is focused on more than just efficient production but one that also places greater prioritization on the less desirable side effects of capitalism---such as a fair distribution of the riches of the economy in light of few jobs.

Read what Vinad Khosla, Co-founder of Sun Microsystems, says about this!

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