Ken Kennedy Institute for Information Technology
James A. Baker III Institute for Public Policy
Jesse H. Jones Graduate School of Business
Rice Alliance for Technology and Entrepreneurship
The past decade has been the best one since the 1960s for productivity growth, better than the roaring 1990s. Profits are now at record highs. Yet median wages have largely stagnated and employment actually has fallen since 2000. In my new ebook with Andrew McAfee, we attribute this in part to the fact that technological progress is accelerating innovation even as it leaves many types of workers behind. In fact, a large group has been made worse off, while those with education and talent have gained immensely, and opportunities for entrepreneurs are better than ever. What's more, the underlying trends are on track to accelerate in coming years, as a remarkable new set of innovations is just emerging.
Biography of Erik Brynjolfsson:
Erik Brynjolfsson is the director of the MIT Center for Digital Business, a professor at the MIT Sloan School, and an award-winning researcher. His research examines the effects of information technologies on business strategy, productivity and employment. His recent work studies data-driven decision-making, the pricing implications of Internet commerce and the role intangible assets.
Brynjolfsson lectures worldwide on technology and strategy. Business Week has profiled him as an “ebusiness visionary” and he is a director or advisor for several technology-intensive firms. His recent books include Wired for Innovation: How IT is Reshaping the Economy and Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity and Irreversibly Transforming Employment and the Economy. He has Bachelors and Masters Degrees from Harvard and a Ph.D. from MIT.