The industrial revolution was nothing but a concerted effort in automating, mechanizing production in several industries. The way that they have turned out well has not been an effortless, automatic implication of automation. It's been because other adjustments, technological and social, have been made at the same time. A i gratio rigt, that's where my research in this area started.
Economist and author Daron Acemoglu of MIT discusses with EconTalk host Russ Roberts the challenge of shared prosperity and the policies that could bring about a more inclusive economy. Acemoglu argues for the importance of good jobs over redistribution and makes the case for the policies that could lead to jobs and opportunities across skill levels.