Technology Will Erase the Income Gap
The march of technology and globalization has played out hugely in favor of high-skilled labor, but that march is now turning against skilled workers, promising to narrow the equality gap.
What's the Latest Development?
In many areas of society, computers are progressing to the point of rivaling high skilled workers, says Kenneth Rogoff, Harvard economics professor and former chief economist at the I.M.F. "Many teachers and schools now use computer programs to scan essays for plagiarism, an ancient transgression made all too easy by the Internet. Indeed, computer-grading of essays is a surging science... Expert computer systems are also gaining traction in medicine, law, finance, and even entertainment."
What's the Big Idea?
Given the progress of computer programs in these fields, says Rogoff, "there is every reason to believe that technological innovation will lead ultimately to commoditization of many skills that now seem very precious and unique." The result will be a more equal, if strange and new, labor market. "The past is not necessarily prologue: given the remarkable flexibility of market forces, it would be foolish, if not dangerous, to infer rising inequality in relative incomes in the coming decades by extrapolating from recent trends."
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
A new study explores how certain personality traits affect individuals' attitudes on obesity in others.
- The study compared personality traits and obesity views among more than 3,000 mothers.
- The results showed that the personality traits neuroticism and extraversion are linked to more negative views and behaviors related to obesity.
- People who scored high in conscientiousness are more likely to experience "fat phobia.
Meanwhile, Spaniards are the least likely to say their culture is superior to others.
- Survey by Pew Research Center shows great variation in chauvinism across Europe.
- Eight most chauvinist countries are in the east, and include Russia.
- British much more likely than French (and slightly more likely than Germans) to say their culture is "superior" to others.
The history of the Geneva Conventions tells us how the international community draws the line on brutality.
- Henry Dunant's work led to the Red Cross and conventions on treating prisoners humanely.
- Four Geneva Conventions defined the rules for prisoners of war, torture, naval and medical personnel and more.
- Amendments to the agreements reflect the modern world but have not been ratified by all countries.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.