Carl Frey

Keynote: Carl Frey

The Technology Trap

Economics/
Thu 21 November 2019

Keynote: Carl Frey

The Technology Trap

Carl Frey
Thu 21 November 2019,

How can the history of technological revolutions help us better understand economic and political polarization in the age of automation? Just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. However, as middle-class jobs continue to come under pressure, there’s no assurance that positive attitudes to technology will persist. The Industrial Revolution was a defining moment in history, but few grasped its enormous consequences at the time. Carl Frey – author of The Technology Trap – argues that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present.

Niall Ferguson, author of The Square and the Tower, said about Frey’s work: ‘Will machines equipped with artificial intelligence render the human race redundant? Is work as we know it about to end? The Technology Trap draws on the experiences of the first and second Industrial Revolutions, and the first Computer Revolution, to answer some of the burning questions of our time. Frey’s key point – that technological disruption of the labor market is usually painful in the short run, whatever innovation’s long-run benefits–is of vital importance to voters and policymakers alike.’

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