The Wealth of Humans
The world of work is changing. With rapid advances in IT, huge swathes of the job market – from cleaners and drivers to journalists and doctors – are being automated, or soon will be. 47% of jobs are at risk of being automated over the next three decades.
From Volvo’s operations in Sweden to a vast Foxconn production facility in Shenzhen, via Indian development economists and Silicon Valley venture capitalists, Ryan Avent offers the first clear explanation of what happens when the digital economy goes wrong – and how we can get out of it.
He addresses the difficult questions about the increasing abundance of labour and what this means politically, economically and socially for every one of us. The traditional solutions – improved education, wage subsidies, universal basic income – will no longer work as they once did. In order to navigate our way across today’s rapidly transforming economic landscape, he argues that we must radically reassess the very idea of how, and why, we work.
Photo of Ryan Avent credit Brent Darby.