Productivity and Employment (and Technology): In the Jaws of the Snake

March 22, 2012

Smart guy Jared Bernstein came to MIT yesterday and gave a talk to the seminar Erik Brynjolfsson and I are organizing on how technology is affecting the economy. Bernstein is a senior fellow at the Center on Budget Policies and Priorities, the former chief economist to Vice President Joe Biden, a sharp thinker, great speaker, [...]

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The Economy Will Be Roboticized: Amazon Buys Kiva

March 21, 2012

Amazon has agreed to buy warehouse robot maker Kiva systems for $775 million (which is a lot of money). As a research note from Barron’s states, Kiva uses a series of computer-controlled robots to bring product to warehouse pickers rather than employees running the floor to find the same products. The systems appear to greatly [...]

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Tim O’Reilly on Putting Labor Back Into the Economy

March 14, 2012

I had the great pleasure of talking with tech titan Tim O’Reilly on stage yesterday in one of the featured sessions of the SXSW Interactive festival. Under the title “Create More Value Than you Capture” he shared his insights on a wide range of topics with the audience. Judging from the tweetstream, they lapped it [...]

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A Data Scientist You’ve Never Heard of Is Now the Master of Your Domain

March 2, 2012

You’d imagine that Allstate is pretty good by now at predicting which kinds of cars are most likely to get into accidents, wouldn’t you? After all, this is kind of what they do for a living, and they’ve got over 80 years of experience doing it. They also employ a lot of people to build [...]

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The BLS Thinks These Jobs Will Grow a Lot. I Think They’re Wrong.

February 23, 2012

In a post at The Atlantic, Jordan Weissmann draws a couple interesting graphs using data from the BLS’s recently-released projections of job growth to 2020. Weissmann concentrates on those jobs that require only a high-school diploma or less, and points out the surprising stat that 63% of all US jobs created (12.8 million total) will be [...]

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A Conversation with Tim the Enchanter

February 15, 2012

I’m going back to the SXSWi mega-event in Austin next month for one big reason and lots of other ones. The big reason is to have the chance to talk on stage with Tim O’Reilly, one of the good guys and wise men of technology. I won’t embarrass Tim here by lauding him more than [...]

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Everything You Need to Know About Social Business and Enterprise 2.0 in Three Short Reports

February 2, 2012

That headline is, of course, a pathetic lie. But the reports are still quite good. Throughout the second half of 2011, I worked with AIIM (the professional organization for information management and collaboration pros) on a task force to understand the state of Enterprise 2.0 / social business / call-it-what-you-will. We conducted both a broad [...]

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Race Against…: The Dead Tree Version

January 25, 2012

Just a quick note that our book Race Against the Machine is now available in paperback from Amazon and CreateSpace (a print-on-demand company). It’s more expensive than the ebook ($14.99 vs. $3.99). We’re not deliberately engaging in price gouging; this is near the minimum price CreateSpace will let us charge. The content of the physical book [...]

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Can Normal Companies Provide Good Jobs? Yes.

January 24, 2012

In Race Against the Machine, Erik Brynjolfsson and I  highlight that median household income in America has actually declined in recent years, even as total US GDP has risen a great deal. Our explanation for this phenomenon is that the average worker is being left behind in our economy, due to technology, trade, and other [...]

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Recent Trends in Labor Intensity. Or, the History (and Future?) of Steady Work in the US

January 17, 2012

When I’m trying to understand something, I start drawing graphs using whatever data’s available; pictures help me more than tables of numbers or regression coefficients. So here’s a picture I drew to see recent trends in US labor productivity — how much more output the American economy gets from its workers over time. Instead of [...]

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