Winner Takes All Theory Summary
Winner Takes All Theory Summary Comm 2220
Popular in New Media and Internet Studies
Popular in Communication Studies
This 2 page Class Notes was uploaded by Natalie Notetaker on Monday October 5, 2015. The Class Notes belongs to Comm 2220 at Tulane University taught by Wayne Ronald Gard in Summer 2015. Since its upload, it has received 32 views. For similar materials see New Media and Internet Studies in Communication Studies at Tulane University.
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Date Created: 10/05/15
The word for the exponential digital combinatorial progress taking place at present is called the bounty of the second machine age The evolution of photography is a great example of this Spread on the other hand focuses on the differences among people in income and wealth for example This combination of bounty and spread is not thought of as a coincidence as we can see with Kodak and lnstagram This opens up opportunities for unique and talented thinkers but leaves no room for the people whose jobs have been overthrown by machines Digital technologies can replicate and replace people and their jobs at much lower costs quotThis creates bounty for society and wealth for innovators but diminishes the demand for previously important types of laborquot p130 which reduces the number of jobs and salary for those jobs This also leads to reduced incomes The skill set demanded is being determined by what is and isn t being computerized The gold medal winners represent the top 20 and the silver medal winners and behind are forgotten and represent the bottom 80 The stats show that between the years of 1983 and 2009 there was actually a net decrease in wealth for the bottom 80 but the top 20 increased by more than 100 Median income has decreased since 1999 but we are producing way more than we were ever capable of This trend quotre ects a signi cant reallocation of who is capturing the bene ts of this growth and who isn tquot p131 Today there is now a very small group of winners leaving the majority of people are in worse conditions than they before