2 ms·
The difference is three fold: 1) Speed. The industrial revolution took place relatively slowly, over the course of 60-80 years (2-3 entire generations). Once
by mdorazio 7y ago
The difference is three fold:
1) Speed. The industrial revolution took place relatively slowly, over the course of 60-80 years (2-3 entire generations). Once a tipping point in automation is reached, it will very likely happen extremely quickly in our connected, easy-capital, globally competitive economy.
2) Reach. The industrial revolution primarily impacted manufacturing and to some extent farming. Today's automation is attacking almost every single major industry on the planet at the same time. Farming, manufacturing, finance, construction, food service, you name it. If your warehouse picker job gets automated away it's unlikely you'll be able to go get a job at Burger King because those jobs will be automating at about the same time.
3) New economies. The Industrial Revolution led to the industrial economy, which enabled the service/information economy. It's unclear what new economy is waiting beyond automation for the workers who lose out. Entertainment economy? Personal servant economy? What's left if most of the manual labor jobs and a good chunk of white collar jobs all go away within a generation?