Tag Archives: technology

Archbridge Institute Releases Optimistic New Research on Economic Mobility


There is a new think tank in town: the Archbridge Institute , led by Gonzalo Schwarz, formerly of the Atlas Network. Their work focuses on economic mobility around the world. They recently released a study by Scott Winship , the first in a three-part series examining the issue. His primary finding is that relative mobility in the U.S. isn’t very strong—children born into middle class families tend to stay middle class, and children born into poor families tend to stay poor. But what about absolute mobility? The executive summary states:

[R]oughly three in four adults—and the overwhelming majority of poor […]

No, iPhones Aren’t Luxury Items. They’re Economic Necessities


Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.

When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]

Urban Inequality Is a Crisis, But Don’t Blame Techies for It


As technology companies and the techies who work for them have headed to cities, they have increasingly been blamed for the deepening problems of housing affordability and urban inequality.

A few years ago, for example, the San Francisco-based writer Rebecca Solnit complained that the Bay Area’s conflict pitted “writers, artists, activists, environmentalists, eccentrics” against the newly moneyed tech elite.

But there is little evidence that the influx of wealthy people into the urban core and the transformation of some leading creative neighborhoods had led to any substantial diminution of these cities’ overall creative capacities. In fact, cities like New York, London, […]

How Invisible Inequality Hurts the Poor


We need to confront how increasing income inequality is affecting people’s inner lives. In a lecture at INSEAD’s Fontainebleau campus a couple of months ago, Professor Robert Frank of Cornell University argued that pure luck (beyond effort and personal circumstances) would become more salient for professional success and quality of life in the context of a winner-take-all society fuelled by technology ( digitalisation in particular) and new ways of doing business. Frank’s argument resonates: Economic and social advantages clearly are disproportionately accruing to the “lucky” few who create the next big start-up or come up with a digital idea […]

Treasury Secretary Mnuchin says AI taking US jobs is ’50-100 years away’ — but it’s already beginning to happen

steven mnuchin

On Friday, US Treasury Secretary Steven Mnuchin answered a slew of questions in an interview with Axios’ Mike Allen about the global economy and US labor market, including about the threat of artificial intelligence (AI) affecting American jobs.

Mnuchin is not overly worried. Concerns about AI and jobs are so far way "it’s not even on our radar screen… 50-100 years" away, he said, according to Axios.

"I’m not worried at all" about robots displacing humans in the near future, he said, before adding, "In fact, I’m optimistic."However, studies have estimated that AI could affect jobs much sooner than that. And, […]

No, iPhones Aren’t Luxury Items. They’re Economic Necessities


Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.

When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]

Remarks by the President on Economic Mobility

THE PRESIDENT: Thank you. (Applause.) Thank you, everybody. Thank you so much. Please, please have a seat. Thank you so much. Well, thank you, Neera, for the wonderful introduction and sharing a story that resonated with me. There were a lot of parallels in my life and probably resonated with some of you.

Over the past 10 years, the Center for American Progress has done incredible work to shape the debate over expanding opportunity for all Americans. And I could not be more grateful to CAP not only for giving me a lot of good policy ideas, but also giving […]

No, iPhones Aren’t Luxury Items. They’re Economic Necessities


Apple To make it in America, you have to hustle. Fast-food worker or CEO, Uber driver or student, you have to stay connected in an economy built on the assumption that anyone is always reachable anywhere. In 2017, that means you need a smartphone.

When Apple released the iPhone in 2007, the world understood it as a gadget, a novelty, a cool thing you plunked down a handful of cash for if you were lucky enough to have the money. Then you just needed to figure out what to do with it. At first the answer was: play games and […]

How America Gave Up on Change

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In his last book, economist Tyler Cowen wrote about how machine intelligence could change the world. In his new book, The Complacent Class , he writes about the forces that prevent change from happening. In particular, he argues that America has become more averse to change in recent decades, and that this has transformed our work, our leisure, and our neighborhoods.

I asked Cowen to explain his thesis and what it means for our companies, our careers, and even our politics. The conversation was edited for clarity and concision.

HBR: In the book, you write, “Americans are in fact working […]

Housing costs aggravate area’s inequality, report says

BOSTON, MA - 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1)

BOSTON, MA – 11/05/2015: AERIAL VIEWS Interior view of an apartment at 100 Pier 4, the new apartment building. Construction moves on at a fast pace in the Seaport District. (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC 03seaporthousing(1) Even as Greater Boston becomes more racially diverse, the high cost of housing has left the region increasingly racially and economically segregated over the past five years, a report released Tuesday by a regional planning group said.

Although Greater Boston has made progress closing some gaps, in the health and education of children of color vast economic disparities persist and in […]