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The Technology Trap

Business and Economics

Audio only

The Technology Trap

Capital, Labor, and Power in the Age of AutomationBy Carl Benedikt FreyNarrated by Richard Lyddon

The Technology Trap

Length15h 31m

About this audiobook

This audiobook narrated by Richard Lyddon reveals how the history of technological revolutions can help us better understand economic and political polarization in the age of automation 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.

Artificial Intelligence

Political Intrigue

Audiobook details

GenreBusiness and Economics

Length15 hrs 31 mins

Narrated byRichard Lyddon

FormatAudiobook

Publish dateJun 18, 2019

LanguageEnglish

Table of contents

1Opening Anno, Preface

9Chapter 7 - The Return of the Machinery Question

2Introduction

10Chapter 8 - The Triumph of the Middle Class

3Part 1, The Great Stagnation, Chapter 1 - A Brief History of Preindustrial Progress

11Part 4, The Great Reversal, Chapter 9 - The Descent of the Middle Class

4Chapter 2 - Preindustrial Prosperity

12Chapter 10 - Forging Ahead, Drifting Apart

5Chapter 3 - Why Mechanization Failed

13Chapter 11 - The Politics of Polarization

Show all chaptersShow less

6Part 2, The Great Divergence, Chapter 4 - The Factory Arrives

14Part 5, The Future, Chapter 12 - Artificial Intelligence

7Chapter 5 - The Industrial Revolution and Its Discontents

15Chapter 13 - The Road to Riches, Closing Anno

8Part 3, The Great Leveling, Chapter 6 - From Mass Production to Mass Flourishing

About the author

Carl Benedikt Frey

View all by Carl Benedikt Frey

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