Ignoring CEO predictions, can anyone point to any major revolutionary technology that had a net negative impact on quality of life and employment statistics? AI is an incredibly powerful technological shift in our way of life but where is the net employment hit taking place? Unemployment numbers remain stable. Revolutions like this do create widening inequality while also increasing long run productivity. Yes inequal…
Don't ignore the transient. The industrial revolution created a hell on Earth for workers for the better part of a century.
"Over the long run, it’s true that the Industrial Revolution radically boosted economic growth. But living through it was another matter entirely. Many people saw their wages stagnate and working conditions deteriorate as factory owners and industrialists came into immense wealth. (Just read a Charles Dickens novel, and you’ll get the idea.) This led to riots and, occasionally, attacks on the industrialists themselves."