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lesterbuck · 2012-10-26 · Original thread
Alas, technology is destroying higher skilled, white collar jobs at a furious pace. At least that is the main thesis of the recent book by MIT business school faculty:

Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy http://www.amazon.com/Race-Against-Machine-Accelerating-Prod...

They give three explanations for the current slow job growth: (1) business cycle lack of demand, needing normal Keynsian stimulus, (2) technology running out of steam in improving productivity, and (3) the opposite, technology accelerating and destroying the need for highly profitable businesses to hire more workers. The authors think technology acceleration has been underappreciated for its effects on suppressing job growth.

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