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Brynjolfsson and McAfee should not Luddites. Certainly, they’re sometimes accused of being too optimistic concerning the extent and pace of latest digital advances. Brynjolfsson says they began writing Race Against the Machine, the 2011 e-book wherein they laid out much of their argument, as a result of they wanted to elucidate the economic benefits of those bid for papers new technologies (Brynjolfsson spent a lot of the Nineteen Nineties sniffing out evidence that info know-how was boosting charges of productivity). But it turned clear to them that the identical technologies making many jobs safer, easier, and extra productive had been additionally decreasing the demand for many kinds of human employees.
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C.3. Assured Employment: The aim of a job guarantee program (JGP) is to raise the burden off the non-public sector’s shoulders in periods of slow economic progress and provide all of the unemployed with a job. Pay could be based mostly on the federal minimal wage and legislated benefits would also be provided. The system would work like a pendulum: in a growth economy staff would transfer from a JGP to the non-public sector and back to a JGP during instances of economic bust.
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