The technology trap : capital, labor, and power in the age of automation /
Frey, Carl Benedikt, 1984-
The technology trap : capital, labor, and power in the age of automation / Carl Benedikt Frey. - Princeton, New Jersey : Princeton University Press, 2019. - xiv, 465 pages : illustrations ; 25 cm
Includes bibliographical references (pages 373-452) and index.
The great stagnation : A brief history of preindustrial progress -- Preindustrial prosperity -- Why mechanization failed -- The great divergence : The factory arrives -- The Industrial Revolution and its discontents -- The great leveling : From mass production to mass flourishing -- The return of the machinery question -- The triumph of the middle class -- The great reversal : The descent of the middle class -- Forging ahead, drifting apart -- The politics of polarization -- The future : Artificial intelligence -- The road to riches. Introduction -- Part I. Part II. Part III. Part IV. Part V.
"From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes a sweeping look at the history of technological progress and how it has radically shifted the distribution of economic and political power among society's members. As Carl Benedikt Frey shows, the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanization were devastating for large swaths of the population. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends, Frey documents, 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 potential to do the same. But Frey argues that this depends on how the short term is managed. In the nineteenth century, workers violently expressed their concerns over machines taking their jobs. The Luddite uprisings joined a long wave of machinery riots that swept across Europe and China. Today's despairing middle class has not resorted to physical force, but their frustration has led to rising populism and the increasing fragmentation of society. As middle-class jobs continue to come under pressure, there's no assurance that positive attitudes to technology will persist. The Industrial Revolution was a defining moment in history, 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 can help us to more effectively face the present.";Page [2-3] of cover.
9780691210797 0691210799
2018966069
GBB960775 bnb
019345587 Uk
Technological innovations--Economic aspects.
Innovaciones tecnológicas--Aspectos económicos
Technology--Social aspects--History--Great Britain--19th century.
Technology--Social aspects--History--21st century.
Tecnología --Aspectos sociales
History.
HC 79 / F893t 2019
338.064
The technology trap : capital, labor, and power in the age of automation / Carl Benedikt Frey. - Princeton, New Jersey : Princeton University Press, 2019. - xiv, 465 pages : illustrations ; 25 cm
Includes bibliographical references (pages 373-452) and index.
The great stagnation : A brief history of preindustrial progress -- Preindustrial prosperity -- Why mechanization failed -- The great divergence : The factory arrives -- The Industrial Revolution and its discontents -- The great leveling : From mass production to mass flourishing -- The return of the machinery question -- The triumph of the middle class -- The great reversal : The descent of the middle class -- Forging ahead, drifting apart -- The politics of polarization -- The future : Artificial intelligence -- The road to riches. Introduction -- Part I. Part II. Part III. Part IV. Part V.
"From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes a sweeping look at the history of technological progress and how it has radically shifted the distribution of economic and political power among society's members. As Carl Benedikt Frey shows, the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanization were devastating for large swaths of the population. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends, Frey documents, 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 potential to do the same. But Frey argues that this depends on how the short term is managed. In the nineteenth century, workers violently expressed their concerns over machines taking their jobs. The Luddite uprisings joined a long wave of machinery riots that swept across Europe and China. Today's despairing middle class has not resorted to physical force, but their frustration has led to rising populism and the increasing fragmentation of society. As middle-class jobs continue to come under pressure, there's no assurance that positive attitudes to technology will persist. The Industrial Revolution was a defining moment in history, 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 can help us to more effectively face the present.";Page [2-3] of cover.
9780691210797 0691210799
2018966069
GBB960775 bnb
019345587 Uk
Technological innovations--Economic aspects.
Innovaciones tecnológicas--Aspectos económicos
Technology--Social aspects--History--Great Britain--19th century.
Technology--Social aspects--History--21st century.
Tecnología --Aspectos sociales
History.
HC 79 / F893t 2019
338.064