Summary The digital revolution is exponentially accelerating the productivity of various outcomes in society and is also transforming the world's employment and economy. In recent times, technological innovation is inadvertently becoming the cause of chronic unemployment which in turn is drastically affecting the average household income. This book discusses these trends and findings in general and offers solutions to the problems faced by the present and future generation of workers. Erik Brynjolfsson and Andrew McAfee discussed the effects of machines on wealth distribution, the economy and employment clearly, forcefully and insightfully. Key Terminology 1) General Purpose Technologies (GPTs): A small group of technological innovations so powerful that they disrupt and accelerate the normal march of economic progress. (Erik Brynjolfsson, 2011)2) Digitalization: a continuous process of creative destruction. Innovators use new and established technologies to make profound changes at the task, job, process, and even organization levels itself. (Erik Brynjolfsson, 2011)3) Skill-based technical change (SBTC): The increase in wage inequality in the US labor market is usually attributed to skill-based technical change associated with the development of personal computers and related information technologies . (David Card, 2002)4) Micromultinationals: Companies with fewer than a dozen employees that sell to customers around the world and often rely on networks of global suppliers and partners.5) Moor's Law: The number of transistors embedded in a chip will double approximately every 24 months. (Moore, 1965)Additional ResourcesThe science behind human-like robots is advancing. They are becoming more intelligent, mobile and autonomous... middle of paper... individuals and systems should be developed to encourage innovation in a flexible way with few legal restrictions. The government and investors should work to improve the nation's infrastructure by providing frameworks and platforms that make it easy for any individual to innovate. References Bar-Cohen, Y. (2009). The impending robot revolution includes expectations and fears regarding the emergence of intelligent, human-like machines. Springer.David Card, J.E. (2002). Skill-based technological change and growing wage inequality: Some problems and puzzles. Erik Brynjolfsson, A. M. (2011). Race against the car. Lin, N. G. (2012). Robot ethics: the ethical and social implications of robotics. Cambridge, MA, USA: MIT Press.Moore, G. (1965). Moore's law and Intel innovation. Retrieved from Intel.com: http://www.intel.com/content/www/us/en/history/museum-gordon-moore-law.html