Learning by Doing: The Real Connection between Innovation, Wages, and Wealth

"Bessen sets out to refute the arguments of . . . techno-pessimists, relying on economic analysis and on a fresh reading of history" (The Wall Street Journal).

Technology is constantly changing our world, leading to more efficient production. But where once technological advancements dramatically increased wages, the median wage has remained stagnant over the past three decades. Many of today's machines have taken over the work of humans, destroying old jobs while increasing profits for b...