MIT Presents Award to Companies Creating Tech to Help Middle and Low Income Workers
The Massachusetts Institute of Technology (MIT), a New England Council member, recently presented awards to companies that create technology geared towards helping middle and low-income workers.
A total of $1 million in awards was given to four winners and twenty finalists at the annual HUBweek festival in Boston. The awards highlight companies that are utilizing new technology to create middle class jobs. For example, 99Degrees Custom, one of the four winners, is an advanced manufacturing firm that employs workers to operate and oversee automated equipment. The new technology is allowing 99Degrees Custom to produce a new generation of middle class jobs.
“Technology is creating enormous wealth and curing diseases,” said Erik Brynjolfsson, director of MIT’s Initiative on the Digital Economy. “But a lot of people aren’t sharing in that bounty. It’s been easier to think, ‘how do I take an existing task and automate it?’ We are trying to change the conversation.”
The New England Council thanks MIT for highlighting companies that use technology to help raise the middle class. Read more in The Boston Globe.