'Power-Curve Society' examines rising economic inequality, challenges to existing institutions and conceptions of value, and an imminent "personal data revolution"
Feb. 11, 2013
/PRNewswire-USNewswire/ -- The Aspen Institute Communications and Society Program today released a report that offers a sweeping look at how technological innovation is restructuring productivity and lays out the social and economic impact resulting from these changes. "
Power-Curve Society: The Future of Innovation, Opportunity and Social Equity in the Emerging Networked Economy
," written by
, addresses the growing concern about the technological displacement of jobs, stagnant middle class income, and wealth disparities in an emerging "winner-take-all" economy. It also examines cutting-edge innovations in personal data ecosystems which could potentially unlock a revolutionary wave of individual economic empowerment. Read it at
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The report derives from the Aspen Institute's Communications and Society Program's 21st annual Roundtable on Information Technology, held in
last August. It includes insights from MIT Media Lab Director
, Federal Communications Commission Chairman
, MIT Economists
, Reputation.com CEO
and Khan Academy President and CEO
, among many others.
" considers the broad implications of a globally networked economy that allows greater ease of transactions but relies less on human workers to carry them out. In this emerging technologically accelerated economy, wealth increasingly concentrates in the hands of a few rather than spreading itself out across the larger population (i.e., the traditional "bell curve" of normal distributions). The Report explores the mechanisms of this phenomenon and its suspected role in "hollowing out" the American middle class. It also questions contemporary measurements of equality, well-being and value in the digital age; and it surveys the ways that cloud computing, Big Data and collaboration are redefining work and commerce.
Along with examining the historical relationship between innovation and productivity, "Power-Curve Society" assesses the increasing speed by which new technologies are outpacing social and institutional capabilities. It then presents groundbreaking new frameworks for rethinking entrenched notions of jobs, learning, skills, entrepreneurship and public policy to better brace everyone, rich and poor, for the unrelenting future.