EY Global Innovation
Rising technologies are technologies which are perceived as able to altering the status quo. Sometime we’ll build up a world telephone system making essential to all peoples using a standard language, or widespread understanding of languages, which can be part of all the folks of the earth into one brotherhood,” gushed John J. Carty, AT&T chief engineer, in 1907.
Initially, computer systems had largely automated tasks that could possibly be well-defined and guided by people, both by way of traditional laptop applications that specify what the pc ought to do, or professional methods designed to categorize and replicate human determination making.
Second, this has elevated wage inequality, since middle-skill jobs have fallen in prominence, whereas complementarity with technology has increased relative compensation for high-skilled employees; Figure 2 illustrates this for OECD international locations.
Richard Baraniuk, Rice’s Victor E. Cameron Professor of Electrical and Laptop Engineering, and Kevin Kelly, a Rice … Read More