The automation of robots and artificial intelligence is pretty well advanced in certain industries. The income now is shifting more and more to capital and away from workers, contributing to a general widening of inequality in the United States. Jeff Sachs argues that we need to pursue policies so that the coming generation of smart machines works for us and our well-being, rather than humanity working for the machines and the few who control their operating systems.
Jeffrey D. Sachs (@JeffDSachs) is Professor of Economics at Columbia University, a leader in sustainable development, senior UN advisor, bestselling author and syndicated columnist.
Francesco Caselli is Norman Sosnow Professor of Economics, LSE, and Director of the Macroeconomics Program at LSE’s Centre for Economic Performance (CEP).
The CEP (@CEP_LSE) is an interdisciplinary research centre at the LSE Research Laboratory. It was established by the Economic and Social Research Council (ESRC) in 1990 and is now one of the leading economic research groups in Europe.
The International Growth Centre (@The_IGC) aims to promote sustainable growth in developing countries by providing demand-led policy advice based on frontier research. The IGC directs a global network of world-leading researchers and in-country teams in Africa and South Asia and works closely with partner governments to generate high quality research and policy advice on key growth challenges.
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Man and Machine: the macroeconomics of the digital revolution (pdf)