Quote du Jour | Luddite fallacy
The technology elite who are leading this revolution will reassure you that there is nothing to worry about because we will create new jobs just as we did in previous centuries when the economy transitioned from agrarian to industrial to knowledge-based. Tech mogul Marc Andreessen has called the notion of a jobless future a “Luddite fallacy,” referring to past fears that machines would take human jobs away. Those fears turned out to be unfounded because we created newer and better jobs and were much better off.
True, we are living better lives. But what is missing from these arguments is the timeframe over which the transitions occurred. The industrial revolution unfolded over centuries. Today’s technology revolutions are happening within years. We will surely create a few intellectually-challenging jobs, but we won’t be able to retrain the workers who lose today’s jobs. They will experience the same unemployment and despair that their forefathers did. It is they who we need to worry about.