A primer book in economics. Martin Ford in a wide overview starting from the comparison between productivity growth versus wages growth from mid 1970's put the question of impoverishment and fall of real incomes at the center and then underline it as the major problem in the 21th century that can be declined actually in the most used word "inequality". The various chapters show how the Information Technology and Moore law change invariably the benefits of industrial revolution where the rising of robots diminish the jobs opportunity in all three sectors of economics and threat almost 47% of occupation to be automated in the near future. Many data & notes support the main thesis that we are facing now a problem in the capacity of spending of worker class that is going to accrue year by year after the collapse of 2008 crisis in consumer spending and jobs created returned on such basis after 6 years in USA & UK. The population continue to grow in this 2 countries but for example in Italy start to decline and what we are doing to cope isn't the implementation of Basic Income like suggested in the last chapters, but only to continue to check the augmentation of monetary aggregation (ECB) or GDP (governments) and indeed the "capitalization" (financialization) of labor economy despite the fact that job is devalued in its real income value for the new generations. One chapter describes the role of the education and the difficulties that it cope in terms of possibilities of climb in the social ladder and subsequently of the polarization of job market and the prospects for health sector often likely viewed like not subject to automation (education itself is subject to automation), but that eventually lead the AI to speed the challenge and so finally drive to the realization of insight of 47% jobs lost. An instructive and pragmatical book that I should counsel reading.
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