Technological development: valuing labour

Technological development: valuing labour

Technological innovation at work should be thought of in terms of supporting labour, not supplanting it. Technology at work needs to be an arm of labour, not a substitute for it (PaO_STUDIO/ Ever since the days of Adam Smith, economic science has taught that technological development always benefits the overall productivity of the economy, leading to automatic increases in wages and improved working conditions. This conventional wisdom is however challenged in a new book, Power and Progress , by two of the world’s leading economists, the Massachusetts Institute of Technology professors Daron Acemoglu and Simon Johnson.

Drawing on a millennium-long […]

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