Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy

Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy

  • Downloads:9591
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-04-19 14:56:52
  • Update Date:2025-09-06
  • Status:finish
  • Author:Erik Brynjolfsson
  • ISBN:0984725113
  • Environment:PC/Android/iPhone/iPad/Kindle

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Reviews

Amlan Manna

Short book, good insights but probably dated

Sam

Somewhat right in its predictions of the impact of Tech on the workforce。 While Tech has largely contributed to the stagnation of wages it's become far more clear that government policy is at the root of this。Tech may have displaced a large portion of the middle class though primarily as a result of preference in certain skills。 So the authors were somewhat on point in that regard。 Somewhat right in its predictions of the impact of Tech on the workforce。 While Tech has largely contributed to the stagnation of wages it's become far more clear that government policy is at the root of this。Tech may have displaced a large portion of the middle class though primarily as a result of preference in certain skills。 So the authors were somewhat on point in that regard。 。。。more

Chadi Raheb

💡Who benefits from this race?: + High-skilled worker (e。g。 Nate Silver) (cf。 “Deep work”) + Superstar + Owner📌 Ability to work with AI tech

Ietrio

They know the technical jargon well enough to pass as knowledgeable。 Sadly their understanding of statistics or economy is even shallower than their IT knowledge。

Donald

This book was published in 2011 so technology has grown by leaps and bounds since the book was published。 That said, I feel the book is essential for understanding the forces behind our economy as related to the digital revolution。 Many of the information put forward in the book can be heard echoed by Presidential candidate Andrew Yang。

Grayson Cooper

Short and simple book about how technology is changing our future。 I enjoyed the book, but it didn't change my world。 Short and simple book about how technology is changing our future。 I enjoyed the book, but it didn't change my world。 。。。more

Meixtr_

Sin ser un mal libro, he de decir que se hace prescindible ante el siguiente libro de esta pareja。 Mucho más completo y tratando los mismos temas con una mayor madurez。 The Second Machine Age。

Paco

Thank author for being so concrete and direct。 It may be relevant at time of publication, but nowadays I thinks that these ideas are pretty much incorporated everywhere

William Shield

Enlightening。

Kasey Yang

Read this book for a class about Artificial Intelligence。 It was compelling, and provided a very holistic view into what the future of the country may look like, as well as a well-thought out agenda for action to make the most of the rise of technology。 I wasn't completely swayed to become excited about the rise of technology, as they focus more on the big picture rather than the individual lives that are going to be affected。 Overall, it was extremely informative and insightful, with a very dee Read this book for a class about Artificial Intelligence。 It was compelling, and provided a very holistic view into what the future of the country may look like, as well as a well-thought out agenda for action to make the most of the rise of technology。 I wasn't completely swayed to become excited about the rise of technology, as they focus more on the big picture rather than the individual lives that are going to be affected。 Overall, it was extremely informative and insightful, with a very deep analysis of economic outcomes and problems。 。。。more

Elvira

I was mindblown by the validity of this not-so recent book。 A very concise compilation of facts and research regarding automation and its implications for the labor market in a very digestible short read

Sharon

It's tough to read this book at the end of 2018。 The premise is that economic slowdowns didn't start with the Great Recession in 2008 and were caused in great part by technological advancement, which leaves people behind if they haven't received enough education。 I remember being similarly optimistic about the promise of technology back in 2011。 I even still agree with some of the authors' policy proposals today (e。g。, eliminating the mortgage interest deduction because it's a lousy way to inves It's tough to read this book at the end of 2018。 The premise is that economic slowdowns didn't start with the Great Recession in 2008 and were caused in great part by technological advancement, which leaves people behind if they haven't received enough education。 I remember being similarly optimistic about the promise of technology back in 2011。 I even still agree with some of the authors' policy proposals today (e。g。, eliminating the mortgage interest deduction because it's a lousy way to invest that many billions of dollars and because home ownership anchors people too much), but I think the book misses the mark on how much we should be helping cushion the people left in the lurch by this third industrial revolution (we should be helping much, much more)。 On the other hand, the book does a great job of explaining the nonlinear nature of innovation, and it doesn't unnecessarily ramble on for hundreds of pages, so that's good, at least。 。。。more

Marcelo

Race against the machine talks about how machine is revolutionizing our society and economy。 It speculates about the link between automation and few jobs created last years。 It seems reasonable and I agree with that。 But he misses one point about the race between humans and machine, saying that we are losing the race against the machine。 I don't think so, I think the authors doesn't understand how A。I。 algorithms works and they don't know how dangerous it would be leave decisions to machines, as Race against the machine talks about how machine is revolutionizing our society and economy。 It speculates about the link between automation and few jobs created last years。 It seems reasonable and I agree with that。 But he misses one point about the race between humans and machine, saying that we are losing the race against the machine。 I don't think so, I think the authors doesn't understand how A。I。 algorithms works and they don't know how dangerous it would be leave decisions to machines, as long they don't know what they are doing, machines don't have understanding of meaning。 。。。more

Simon Semelin

"Boken pekar på hur maskiner tar jobb från människor, då maskinerna och robotarna se blivit så smarta och bra att människan inte behöver jobba。 Boken tar upp ett väldigt aktuellt ämne där arbetslöshet ökar samtidigt som produktionen ökar。 Borde vara obligatorisk lösning för alla politiker som pratar om nollarbetslöshet。" "Boken pekar på hur maskiner tar jobb från människor, då maskinerna och robotarna se blivit så smarta och bra att människan inte behöver jobba。 Boken tar upp ett väldigt aktuellt ämne där arbetslöshet ökar samtidigt som produktionen ökar。 Borde vara obligatorisk lösning för alla politiker som pratar om nollarbetslöshet。" 。。。more

Steve Herreid

This book was a competent look at the digital age and the impact of new technology on the job market。 It was OK。

Kamila

I've never read a book about economy, and the only reason why I wanted to read this was that I needed to know a bit more about this subject。 Book made me realise why I don't like this type of books - it's already a bit out of date, and authors seems to use arguments that are based only on statistics, and focused mostly on the American economy。 Well, statistics are not people, and America is not a whole world。 Not mentioning that they promised an optimistic ending, that just wasn't there, at leas I've never read a book about economy, and the only reason why I wanted to read this was that I needed to know a bit more about this subject。 Book made me realise why I don't like this type of books - it's already a bit out of date, and authors seems to use arguments that are based only on statistics, and focused mostly on the American economy。 Well, statistics are not people, and America is not a whole world。 Not mentioning that they promised an optimistic ending, that just wasn't there, at least from my point of view。 。。。more

Julie

A "3" in 2018, but a "4" at time of publication。 A good tight read with live links in the digital version to a lot of core research。 A "3" in 2018, but a "4" at time of publication。 A good tight read with live links in the digital version to a lot of core research。 。。。more

Mbogo J

This small book took on one of the biggest problems of our time;the large scale replacement of human labor by machines。 The results were mixed。 I particularly liked their idea that we can't bench a huge chunk of the labor pool by giving them some universal basic income and sending them into forced leisure。 Our economic system needs to be designed in a way that integrates people and machines in the production system。The bulk of the book was an aggregation of ideas from other books and commentator This small book took on one of the biggest problems of our time;the large scale replacement of human labor by machines。 The results were mixed。 I particularly liked their idea that we can't bench a huge chunk of the labor pool by giving them some universal basic income and sending them into forced leisure。 Our economic system needs to be designed in a way that integrates people and machines in the production system。The bulk of the book was an aggregation of ideas from other books and commentators, as such it was mostly a rehashing of ideas already heard before。 It's time the discussion factored in the real problem, which is the material gains from machine production accrue to a very, very small portion of the population。 The solutions also have to be bolder, not just re-education of obsolete workers。 Teaching some miners coding is more of a novelty solution than a long term and scalable solution。 It's time for Piketty's wealth tax to take effect, and this implicit funding of robots by tax payers has to stop, its about time the robots are charged an income tax like their human workers and a higher one at that。 Inequality is a serious problem, it breaks down the social contract between societies and as we are seeing in the forced repossessions of land in South Africa, it leads to a break down in social order and over time will lead to a roll back to the bandit ages and high way robbers。We need to get out of our partisan echo chambers and confront these problems head on。 Having reviewed these issues I am starting to think the French understand the problem better than Americans。 Piketty aside, for a long time the French have been proposing radical and good solutions but their efforts frustrated by affluent captive western states。。。My jeremiad aside, this book was a bit tame but it wasn't bad。 It's a good primer to anyone interested in the topic。 。。。more

Scott

Not a good book。 I went into this hoping for some information about how jobs are not just destroyed but are produced by the advent of new technology。 You would expect more from a MIT scholar。The premise of the book is that it is the speed of the advance of technology which has caused and is causing mass unemployment。 His premise remains completely ungrounded through this work。 He never attempts a real life example of how this works。 Why? Because the speed in the advances of technology have nothi Not a good book。 I went into this hoping for some information about how jobs are not just destroyed but are produced by the advent of new technology。 You would expect more from a MIT scholar。The premise of the book is that it is the speed of the advance of technology which has caused and is causing mass unemployment。 His premise remains completely ungrounded through this work。 He never attempts a real life example of how this works。 Why? Because the speed in the advances of technology have nothing to do with unemployment。 We are supposed to walk away after this read and think that if technology only slowed down that high unemployment would come to an end。 An increase in technology certainly removes the amount of labor necessary for production。 But the speed of the technological advances have nothing to do with unemployment。 If he attempted to use a real life example we would have seen clearly that it is not the SPEED of the advances which cause unemployment but the advance itself which causes unemployment。It is a very easy read。 Probably high school level。 If you are educated in economics don't waste your time on this。 It's for kids。 。。。more

Kevin Rhodes

This book is already dated, but you can see why it was definitive when published, and still serves as a terrific introduction to its topic。

Mete Rodoper

Race against the machine is one of the earlier books which analyzes the influence of recent technological developments on economy and job market。 In a concise form, just short of 100 pages, it is a good introductory book to the topic。 By collecting several earlier publications by various researchers and combining their conclusions, this book presents a complete picture of the field。 There is an impressive analysis that describes the recent changes in the job market and economy, especially in the Race against the machine is one of the earlier books which analyzes the influence of recent technological developments on economy and job market。 In a concise form, just short of 100 pages, it is a good introductory book to the topic。 By collecting several earlier publications by various researchers and combining their conclusions, this book presents a complete picture of the field。 There is an impressive analysis that describes the recent changes in the job market and economy, especially in the recent decades。 Anyone who is interested in the current shifts in the job market and would like to know what might happen as more jobs are overtaken by the robots and computers is recommended to read it。The wide-scale research mentioned in the book, as well as the simple economic realities, explained in plain English is making this book consumable by everybody。 Moreover, another reason to read this book is to quantitatively see what has changed in the job market and whose salaries responded to it in what ways。 Consequently, one can deduce why Trump was elected as the president by promising employment and making America as in the past。 Additionally, the potential results of his political and economic decisions - such as tax bills and investing in infrastructure - can be predicted better。One of the drawbacks of this books is that in a few years it is going to be the common sense to replace many jobs with computers or robots。 The job market and required skills will already be adapted to the era。 Therefore, this book’s analysis would not be novel anymore。 If one had read this book when it was first published in 2011, they would be more informed。 However, currently, it does not seem to be as surprising。 Hence, in a decade, this analysis will potentially be part of history。 。。。more

Rob

A good overview of concepts, but too short。 I like the last chapter on how to solve the issues。 Too many books discuss problems but never offer potential solutions。A good overview of concepts, but too short。 I like the last chapter on how to solve the issues。 Too many books discuss problems but never offer potential solutions。

Muhammad Alhusami

An interesting book that explores the effects of current and future technologies and digital innovations on job creation and income inequality。

YHC

Funny that this book is just 100 pages, but it contains very intensive information that you would feel you read someone's review from another books of 500 pages。Short doesn't mean bad, it you are able to put all the points inside。We all know machines is taking over human jobs, we found the productivity is higher, but wages are lower。 The inequality of wealth is getting worse。 The author gave us some insights and some suggestions。Autopilot cars, trucks are already invented, soon it will cause hug Funny that this book is just 100 pages, but it contains very intensive information that you would feel you read someone's review from another books of 500 pages。Short doesn't mean bad, it you are able to put all the points inside。We all know machines is taking over human jobs, we found the productivity is higher, but wages are lower。 The inequality of wealth is getting worse。 The author gave us some insights and some suggestions。Autopilot cars, trucks are already invented, soon it will cause huge numbers of job loss on all relative jobs such as taxi drivers, high way restaurants, extended to food suppliers。。etcVisual work, precision demanded jobs, or physical jobs such waiter (go ups and downs of places), gardeners are so far still not that easy to be replaced, though stock dealers, basic nurses (offering medication), interpreters ( replaced by GoFluent) even lawyers (replaced by e-discovery) are actually going be be replaced by computers。 Some days soon the doctors will be replaced by A。I and it's no kidding, because machines got enough data would make precise and correct diagnoses。The suggestions of the author including crowd sourcing, you can have a read in this book Crowdsourcing: Why the Power of the Crowd Is Driving the Future of Business, because this model of working/ business allows long-tail to happen The Long Tail: Why the Future of Business is Selling Less of More。。But mainly we need to strengthen our education, let the higher education more affordable and cheap (in European countries they are free)。 Thanks to Mooc, we are able to receive really high quality of courses on line and mostly for free unless you want a certification then very small price。What doesn't mention in this book is still how to deal with the problem of bigger number of people got no incomes due to job loss。 Some suggest basic income (already trying in certain town in Finland) but will it be possible that the owners of big corporations (those who own the machines to replace jobs) give up some of their wealth? 。。。more

Fang

Short but not lack of depth; confident yet not imposing; highly structured but not deprived of imagination。 You do not need to be a scientist-economist to understand it。 Meanwhile, it makes you aspire to become one。Wish more rigorously informative books were written in this manner。 I'd have become smarter sooner。 Haha。 Short but not lack of depth; confident yet not imposing; highly structured but not deprived of imagination。 You do not need to be a scientist-economist to understand it。 Meanwhile, it makes you aspire to become one。Wish more rigorously informative books were written in this manner。 I'd have become smarter sooner。 Haha。 。。。more

dv

Analysis of the impact of machines on economy, since the industrial revolution。 Nothing really new under, some useful recaps and historical references。

Chris G。 Murphy

Timely read nowI think we are seeing the results today as more workers and families are disappointed with the lack of opportunity available to them and their children。

Kristjan Velbri

An overpriced essay that has been turned into a book so you can spend more time reading it。 Should've been an essay instead。 An overpriced essay that has been turned into a book so you can spend more time reading it。 Should've been an essay instead。 。。。more

Ian Cathey

Would love to see an update to this with figures from the past 5-6 years。

Shalini

Just recently Elon Musk tweeted that AI would be able to defeat humans at every job by not 2060 but 2030 or 2040。 Well, that's a fascinating optimistic speculation。 Over the period of just 15 years (1988-2003), processor speeds have improved by a factor of 1000 and algorithms by 43000。 With the advent of fully autonomous cars, IBM's supercomputers and rapidly growing facets of technologies, nearly every task thought to be impossible for computers in the past seems doable in the near future。 Howe Just recently Elon Musk tweeted that AI would be able to defeat humans at every job by not 2060 but 2030 or 2040。 Well, that's a fascinating optimistic speculation。 Over the period of just 15 years (1988-2003), processor speeds have improved by a factor of 1000 and algorithms by 43000。 With the advent of fully autonomous cars, IBM's supercomputers and rapidly growing facets of technologies, nearly every task thought to be impossible for computers in the past seems doable in the near future。 However, there is a growing mismatch between advancing digital technologies and slow-changing humans which is leading to a huge imbalance in the distribution of income, especially in developed countries。 The first 3 chapters of the book deals with the influence of rapidly advancing technology on employment and economy in the past, present and future。 Having explained the threat of such a future, in the fourth chapter, Erik ( I find his surname tedious to spell each time, that's why first name basis) offers some recommendations to "race against the machine" summarized in 19 specific steps - few are good but already known while few are debatable including the most popular opinion - redistribute income to those who have been hurt。 In particular, John Maeda's vision of moving from STEM to STEAM ( Science, Technology, Engineering, Arts and Mathematics) is quite fascinating。 Innovation and revolution in education system is much needed, as Erik puts it, "educational systems to be based more on delivering genuine, measurable results and less on simply signaling selection, effort and prestige。"Why read this book -1) If you are interested in artificial intelligence and wants to inquire about the threat of a jobless future but haven't read any book about the same。2) If you love curvy graphs and overwhelming data figures and if you already don't know that in 2009, economist Ed Wolff found that top 5% population accounted for net increase in more than 80% net wealth and top 1%, over 40%, you're gonna enjoy this。 Downsides of the book -1) That's a very short book, very less informative。2) Even though it's short, it's quite repetitive。3) The overall content is not so well organized and edited, sometimes there is an abrupt change in the topic of discussion。 Oh, well, that's usual non-fiction。4) "Race against the machine" deals with an issue which has been dealt with in a couple of more books and it fails to offer a lot of new insights into the problem。 Overall, a 3-star, it's a good read though hardly new。 。。。more