Yes, I saw data once. Everyone likes to parrot the concept that past industrial revolutions lead to all sorts of new jobs and the economy kicking it up a gear. But the jobs never pivot. The jobs are lost. A generation or two is disrupted, and worse off before their children and garandchildren see any benefit
That’s ok, because their misery and poverty lets us sit back from the distance of a century and claim it was all for the better
The industrial revolution began in Britain around 1760, but living standards for most people did not meaningfully improve until the late 19th century, they even fell in the first few decades.
That’s over an entire century, or at least four to five generations for meaningful improvement.
Yes, I saw data once. Everyone likes to parrot the concept that past industrial revolutions lead to all sorts of new jobs and the economy kicking it up a gear. But the jobs never pivot. The jobs are lost. A generation or two is disrupted, and worse off before their children and garandchildren see any benefit
That’s ok, because their misery and poverty lets us sit back from the distance of a century and claim it was all for the better
The industrial revolution began in Britain around 1760, but living standards for most people did not meaningfully improve until the late 19th century, they even fell in the first few decades.
That’s over an entire century, or at least four to five generations for meaningful improvement.
It seems to me
the powers that be
hope the technology
will speed up the “wee”
poverty and displacees
to but a generation or three