Hit & Run

Ronald Bailey Introduces Your New Robot Overlords

Are we heading for a great economic bifurcation?

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Credit: x-ray delta one / Foter.com / CC BY-SA

Ronald Bailey reviews Average Is Over: Powering America Beyond the Age of the Great Stagnation, by George Mason University economist Tyler Cowen. The book explains that the rise and spread of intelligent machines has led to increasing income inequality and anemic job growth. And this dynamic is likely to be permanent. Such is the arresting and depressing thesis of the book, writes Bailey.