ITIF – Economics of Information Society

Technology and work: The productivity puzzle

Technology and work: The productivity puzzle Phuah Eng Chye (12 May 2018) “When we talk with the optimists, we are convinced that the recent breakthroughs in AI and machine learning are real and significant. We also would argue that they form the core of a new, economically important potential General Purpose Technologies (GPT). When we … “Technology and work: The productivity puzzle”

Technology and work: Technological unemployment and will this time be different?

Technology and work: Technological unemployment and will this time be different? Phuah Eng Chye (5 May 2018) The history of technological innovation is the history of social dislocation. The transition from agriculture to manufacturing was notable for its massive impact on employment and societal structures. The effect of technology on society still occupies the centre … “Technology and work: Technological unemployment and will this time be different?”

Phuah Eng Chye

I was formerly a securities regulator and equities analyst. I started writing these articles (and a book) because I felt that there were a lot of economic theories that didn’t seem to match up to the realities we are facing. This also means that a lot of policies (based on these theories) are wrong. So I’ve tried to make sense of how things worked based on the paradigm of an information society. Its a challenging topic and difficult to pin down. This means I have had to explore issues over a wide range of policy areas. Over the next few months, I will cover the service economy, the sharing economy, household and work structures before moving onto policy issues on the anorexic economy (role of corporates, basic income, housing affordability) and the financialisation process (capital, monetary policy, securities regulation).

Date	Article/Event
29 June 2024	The dismal decade (Part 6: Driving forces and 2030 scenarios)