Ever since Homo erectus carved a piece of stone into a tool, the welfare of our species has been on the increase. Indeed, this technological breakthrough led first to the hand axe and eventually to the iPhone. We have found it convenient to organise the most dramatic period of change between these inventions into four industrial revolutions.
As each revolution unfolded, dire predictions of massive job losses ensued, increasing with each. The first three are over and these concerns were clearly misplaced. The number of jobs increased each time, as did living standards and every other social indicator.
McKinsey predicts that […]
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