Algorithms Are Making Economic Inequality Worse

Author: Mike Walsh

Publisher: Harvard Business Review

Publication Year: 2020

Summary: The following article discusses how the algorithms we design can be used to exploit workers and create an underclass of gig laborers who have no real prospects for advancement and economic mobility. The result is that there are a small class of well paid executives and professional workers who design a system of control for temporary workers who have an algorithm as a boss, these workers are constantly monitored and surveilled. The polarization of the economy between skilled and unskilled labor has worsened economic outcomes for these gig workers as a result they are trapped. This ultimately worsens and codifies economic inequality and is destructive at a societal scale.