The Technology Trap: Capital, Labor and Power in the Age of Automation

The Technology Trap: Capital, Labor and Power in the Age of Automation

This event has finished Took place on: Thursday, 31st Oct 2019

From the Industrial Revolution to the age of artificial intelligence, Frey 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 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.

Cost: Free of Charge


Contact and Booking Details

More information at this website.

Reserve tickets at this website

2019-10-31 2019-10-31 Europe/London The Technology Trap: Capital, Labor and Power in the Age of Automation How the history of technological revolutions can help us better understand economic and political polarization in the age of automation. https://www.ianvisits.co.uk/calendar/2019/10/31/the-technology-trap-capital-labor-and-power-in-the-age-of-automation-218031 J Z Young Lecture Theatre,Medical Sciences and Anatomy ,Gower Street,London

See more events today, tomorrow or rest of this month


Location

J Z Young Lecture Theatre,

Medical Sciences and Anatomy ,
Gower Street,
London,
WC1E 6BT

Google Map of J Z Young Lecture Theatre

Nearest tube and train stations to J Z Young Lecture Theatre

Metropolitan
Hammersmith & City
Circle
Northern
Victoria
Northern
Victoria
Mainline Terminus

Home > What's on in London > 2019 > October > Thursday, 31st October 2019