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Technology and the Future of Work [Jayati Ghosh / Frontline India]

February 10, 2016

Good article talking about a common gripe of mine, the fear of unemployment in cases when the cause of unemployment comes from increased productivity-per-amount-of-effort (as opposed to productivity-per-wage-paid).

One simple insight I took away: Uber style innovation = piecework, which is a structure that, in the history of the industrial economy at least, tended to create a situation that those of us living the first-world life would find distasteful if it happened to us.


[via Naked Capitalism]


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