Study: Firms often use automation to control certain workers’ wages
MIT economists found US companies tend to target employees earning a “wage premium,” which increases inequality but not necessarily productivity.
FT AI·
US companies still lead in innovation but their Chinese rivals are speeding ahead in the deployment race
Read full articleMIT economists found US companies tend to target employees earning a “wage premium,” which increases inequality but not necessarily productivity.
The technology secretary spoke amid concerns the UK was struggling to make its own way in AI Britain must seize the initiative in AI or be left at the “mercy and whim” of a future shaped by the technology, Liz Kendall has warned. The UK’s technology secretary said the country must have greater control over the industry as she highlighted big tech’s grip over its development, with 70% of the world’s artificial intelligence computing power provided by US companies. Continue reading...