"documents the downward trend in the labor share of income since the early 1990s, as well as its heterogeneous evolution across countries, industries, and workers of different skill groups, using newly assembled data for a large sample of advanced and emerging market and developing economies. The chapter then analyzes the forces behind these trends. Technological progress, reflected in the steep decline in the relative price of investment goods, along with varying exposure to routine-based occupations, explains about half the overall decline in advanced economies, with a larger negative impact on the earnings of middle-skilled workers. "
"He believes that although technology can objectively decrease risk of a particular kind or make us feel less vulnerable in particular way, any technology that decreases some kind of risk also introduces new risks, thereby altering the ways in which we are at risk and experience vulnerability. Thus, rather than think of the human-technology dialectic as a process that makes humans less vulnerable, it is better conceptualized, he believes, as a process of transformation--a process that transforms human vulnerability."
"improve the overall intelligence produced by the ecosystem.
By providing means and channels to relate and transact value through relationships, platforms are the tools that are augmenting our global intelligence."
"call on governments to use the data-driven management techniques common in the private sector to find out how best to respond to the employment disruption that is coming. These include using "A/B" testing of alternative options to do small trials of new social policies designed to counteract the impact of automation, before expanding them to entire populations."