First published: The Times, 9/03/2015
There is a popular view that those who worry about the effects of digital technologies on employment and social fabric are out of order. They are not. The march of progress cannot be resisted, but, as our antecedents discovered, we have to learn how to cope with it.
The harnessing of power in the industrial revolution allowed us to blend labour and capital inputs in ways that created large numbers of jobs and higher productivity. That, in turn, led to higher incomes, growth and a prosperous middle class….“more:”