Abstract The digital revolution is exponentially accelerating the productivity of various outcomes in society and also transforming employment and the economy of the world. In recent times, technological innovation has inadvertently become the cause of chronic unemployment which, in turn, significantly affects median household income. This book discusses these trends and findings in general and offers solutions to the problems faced by current and future generations of workers. Erik Brynjolfsson and Andrew McAfee discussed the effects of machines on wealth distribution, the economy and employment in a clear, strong and insightful manner. Key Terminology1) General Purpose Technologies (GPT): A small group of technological innovations so powerful that they interrupt and accelerate the normal march of economic progress. (Erik Brynjolfsson, 2011)2) Digitization: a continuous process of creative destruction. Innovators use both new and established technologies to bring about profound changes at the level of the task, the work, the process, and even the organization itself. (Erik Brynjolfsson, 2011)3) Skill-biased technical change (SBTC): Increasing wage inequality in the US labor market is generally attributed to skill-biased technical change associated with the development of personal computers and associated 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 global networks of suppliers and partners5) Moor's Law: the number of transistors incorporated 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 flexibly and with few legal restrictions. The government and investors should strive to improve the country's infrastructure by providing facilities and platforms that make it easy for any individual to innovate. ReferencesBar-Cohen, Y. (2009). The coming robotics revolution expects and fears the emergence of intelligent, human-like machines. Springer. David Card, J.E. (2002). Skill-biased technological change and growing wage inequality: Some issues and puzzles. Erik Brynjolfsson, A.M. (2011). Race against the machine. 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