As the dawn of the fourth industrial revolution accelerates, powered by advancements in artificial intelligence (AI), the Internet of Things (IoT), and 3D printing technology, concerns about increasing unemployment rates are surfacing. Historical shifts such as the steam engine during the first industrial revolution and the internet during the third have drastically influenced global economic development. The adoption of cutting-edge technologies in various services industries has led to a new class of technological unemployment, a problem that is only intensifying in today’s capitalist structure.
The prominence of technology in service sectors used to be counterbalanced by the absorption of displaced […]
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