How the background of technological revolutions might help us better understand economic and political polarization in age automation

Through the Industrial Revolution to age artificial intelligence, The Technology Trap requires a sweeping go through the history of technological progress and how they have radically shifted the distribution of economic and political power among society’s associates. As Carl Benedikt Frey displays, the Industrial Trend created unprecedented wealth and wealth about The Technology Capture: Capital, Labor, and Power in the Age of Automation over the long run, but the instant implications of mechanization were devastating for large swaths of the populace. Middle-income jobs withered, wages stagnated, the labor share of income dropped, profits surged, and financial inequality skyrocketed. These styles, Frey records, broadly mirror those in our current age of automation, which began with the Computer Revolution.

Just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the to accomplish the same. But Frey argues that this depends on the way the short term can be maintained. In the nineteenth century, workers violently indicated their problems over machines taking their careers. The Luddite uprisings joined a long influx of machinery riots that swept across Europe and China. Today’s despairing middle class hasn’t resorted to physical force, but their frustration has resulted in rising populism as well as the raising fragmentation of culture. As middle-class careers continue to arrive under pressure, there’s no guarantee that positive attitudes to technology will persist.

The Industrial Trend was a defining moment ever sold, but few grasped its enormous consequences at the time. The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past might help us to better face the present.