Author Daniel Susskind is an economist at the University of Oxford where he teaches and researches. He has also worked in the UK Government as an analyst and advisor.
In this book he illustrates with credibility that countries where automation is high also have the greatest output.
But how does this affect the population? He writes: "A world with less work, then, will be a deeply divided one: Some people will have vast amounts of valuable capital, but others will find themselves with virtually no capital of either kind."
He points out that economic and technological inequality is related: Such a development occurs as a result of some having capital that does not have the conditions to grow, since it is not worth the market, while others have a type of capital that has the potential to rise infinitely.
He points out that economic disparities in the United States increased drastically after 1980: The rich's income accelerated, while the poor's became lower. The same has also happened in the Nordic countries: The income of the one percent richest has risen in both Norway, Sweden and Finland.
A fair distribution
Through a fairer distribution of taxes and fees, such a development can be avoided. High taxes must be imposed on the income of people who benefit from technological development, the author states. Even those who make big money on traditional capital must be taxed heavily. This means that also the work of the machines. . .
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