Skip to Content

New Prizes for Expanding Economic Opportunities

MIT has announced a series of prizes to address the lack of prospects for low- and middle-income workers.
October 7, 2015

In hopes of creating more opportunities for workers who are being left behind by today’s high-tech economy, MIT’s Initiative on the Digital Economy (IDE) and Innovation Initiative have announced prizes for projects meant to promote wage equality, improve job prospects, and help people acquire new skills. Erik Brynjolfsson, director of IDE, says the competition is particularly meant to support efforts that will benefit low- and middle-income workers.

Erik Brynjolfsson on the Solve stage.

The announcement of the competition was made at Solve, a conference being held this week at MIT to address the world’s most important challenges. The MIT groups said further details of the prizes would be announced on January 4, with semifinalists to be named on May 19; the prizes will be awarded at next year’s Solve.  They also announced that Alphabet’s executive chairman, Eric Schmidt, and his wife, Wendy, have donated an undisclosed amount to fund the prizes

Brynjolfsson and his collaborator Andrew McAfee, IDE’s co-director, are the authors of The Second Machine Age. They have written extensively over the last few years on how advances in digital technologies are threatening many types of jobs and exacerbating income inequality.

Keep Reading

Most Popular

individual aging affects covid outcomes concept
individual aging affects covid outcomes concept

Anti-aging drugs are being tested as a way to treat covid

Drugs that rejuvenate our immune systems and make us biologically younger could help protect us from the disease’s worst effects.

Europe's AI Act concept
Europe's AI Act concept

A quick guide to the most important AI law you’ve never heard of

The European Union is planning new legislation aimed at curbing the worst harms associated with artificial intelligence.

Uber Autonomous Vehicles parked in a lot
Uber Autonomous Vehicles parked in a lot

It will soon be easy for self-driving cars to hide in plain sight. We shouldn’t let them.

If they ever hit our roads for real, other drivers need to know exactly what they are.

crypto winter concept
crypto winter concept

Crypto is weathering a bitter storm. Some still hold on for dear life.

When a cryptocurrency’s value is theoretical, what happens if people quit believing?

Stay connected

Illustration by Rose WongIllustration by Rose Wong

Get the latest updates from
MIT Technology Review

Discover special offers, top stories, upcoming events, and more.

Thank you for submitting your email!

Explore more newsletters

It looks like something went wrong.

We’re having trouble saving your preferences. Try refreshing this page and updating them one more time. If you continue to get this message, reach out to us at customer-service@technologyreview.com with a list of newsletters you’d like to receive.