The Big Money and Digital Masterminds

Who are the people getting richer from technology?

Does digital technology have an inequality problem? Based on recent news coverage, you’d certainly think so. One common theme is robots and AI (Artificial Intelligence) taking over jobs, particularly less skilled jobs, threatening to increase the wage inequality that has been rising in the developed world since the 1970s and 80s. Uber is working furiously to replace their drivers with autonomous vehicles. Amazon appears to be swallowing retail sector after retail sector. A now infamous Oxford University study estimated that 47% of all US jobs are at risk to be automated over the next 20 years.

Another common theme is stories of gender and ethnic inequality in technology. Women and ethnic minorities are already seriously under-represented in technology industries. Media accounts of tech culture range from unsupportive, to openly hostile (see stories of Uber’s Las Vegas escapades for an eye-opening example). Technology seems to be uniquely resistant to this type of equality.

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