Wednesday October 22, 2014

Technology Is The Biggest Factor In Inequality

When it comes to inequality, technology is the biggest factor? I knew it! Damn you technology! Damn you!

"My reading of the data is that technology is the main driver of the recent increases in inequality. It’s the biggest factor," says Erik Brynjolfsson, a professor of management at MIT’s Sloan School. The coauthor, with fellow MIT academic Andrew McAfee, of The Second Machine Age, Brynjolfsson, like Piketty, has recently gained unlikely prominence for an academic economist.

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