The Davos set likes to talk about the "4th industrial revolution", which sounds great, but serves to mask the core issue of the previous three, in which the benefits earned by increasing industrialization benefited only a few, while the many who were displaced had to fight to retain even a small stake in society (and the same is true of the agricultural revolutions of earlier years, as the history of people like John of Gaunt will tell you). What this article stresses is that industrialization - this time in the form of robots - is something people do to other people. "The CEOs who see an opportunity to reap greater profits in machines that will make back their investment in three point seven years and send the savings upstream—they're the ones coming for your job."
Today: 5 Total: 94 [Direct link] [Share]
