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Learning by Doing: The Real Connection between Innovation, Wages, and Wealth


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Learning by Doing: The Real Connection between Innovation, Wages, and Wealth

Title:Learning by Doing: The Real Connection between Innovation, Wages, and Wealth
Author:James Bessen
Rating:4.80 (773 Votes)
Asin:0300195664
Format Type:Hardcover
Number of Pages:312 Pages
Publish Date:2015-04-28
Genre:

An important study of the relationship between technology, skills, and economic inequality that answers some of the most pressing economic questions of our time Today’s great paradox is that we feel the impact of technology everywhere—in our cars, our phones, the supermarket, the doctor’s office—but not in our paychecks. In the past, technological advancements dramatically increased wages, but for three decades now, the median wage has remained stagnant. Machines have taken over much of the work of humans, destroying old jobs while increasing profits for business owners. The threat of ever-widening economic inequality looms, but in Learning by Doing, James Bessen argues that increased inequality is not inevitable.   Workers can benefit by acquiring the knowledge and skills necessary to implement rapidly evolving technologies; unfortunately, this can take years, even decades. Technical knowledge is mostly unstandardized and difficult to acquire

Editorial : “James Bessen is uniquely qualified to interpret technology issues, having both rich historical expertise and startup experience.  I especially like the way he demystifies the concept of skills and questions the apotheosis of college diplomas and intellectual property rights.  This is one of the most hopeful yet realistic books in years.”—Gavin Wright, author of Sharing the Prize: The Economics of the Civil Rights Revolution in the American South

This is a great resource for people who have ADD and have trouble focusing and keeping on tract. Hope recovery is in the future for him. (People are wonderful as long as they get what they need. From the very beginning she is clear, excited and sensual about her connection with cooking, but is not clear when she began to establish her standing as a person apart from family and her husband’s reputation. No one is that understanding and forgiving. Crosby remains a cipher, an accusation that was often made of him by his contemporaries. What I like about it is that it really is usable advice, not peppered with theory and useless jumble.. All the issues (pain of losing her soulmate, finally accepting her love for Quinn and committing to their relationship, working out her ambivalence of being a guardian) were resolved here. It is important to learn how to be safe in this world. (Addressed are issues such as, losing keys, losing your car [in a car park you go to frequently, in an unfam

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