In recent years, Google’s autonomous cars have logged thousands of miles on American highways and IBM’s Watson trounced the best human Jeopardy! players. Digital technologies — with hardware, software, and networks at their core — will in the near future diagnose diseases more accurately than doctors can, apply enormous data sets to transform retailing, and accomplish many tasks once considered uniquely human.
"Good for the periphery"
The debate over what technology does to work, jobs, and wages is as old as the industrial era itself. In the second decade of the nineteenth century, a group of English textile workers called the Luddites protested the introduction of spinning frames and power looms, machines of the nascent Industrial Revolution that threatened to leave them without jobs. Since then, each new burst of technological progress has brought with it another wave of concern about a possible mass displacement of labor.
The authors write that studies of corporate performance reveal a growing link between certain kinds of technology investments and intensifying competitiveness.
Machines are substituting for more types of human labor than ever before. This means that the real winners of the future will be neither the providers of cheap labor nor the owners of ordinary capital, but rather those who can innovate and create new products, services, and business models.
"Where Computers Defeat Humans, and Where They Can’t" is from March 15, 2016, Tech section of The New York Times. It was written by Andrew Mcafee and Erik Brynjolfsson and narrated by Fleet Cooper.