The Race Between Education and Technology: Round Two
Indeed, I have borrowed the title from Claudia Goldin and Lawrence Katz's classic study, because we are living through a time when th race is visible in all its splendour, with anxious hinges and critical turns. It's time to decide and act, and every step counts. Of course, technology is not autonomous and we are indeed the 'driver in the driverless car', and the choices we make today will decide whether technologies will tear apart our society, as some fear, or, if it would unleash the next cycle of prosperity. The optimists have empirical evidence, indeed. They cite - and this is what Goldin and Katz were primarily looking at - Industrial Revolution. Despite all the early fears of job losses and social unrest, the technological progress eventually ended up unleashing a new era of prosperity. The prosperity took time to build, and there were many social unrests along the way: Malthus came along to make us think people can be surpluses and wars and ...