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9 - The End of the Industrial Model of Development?

from Part III

Published online by Cambridge University Press:  21 July 2022

Ruth Elizabeth Gordon
Affiliation:
Villanova University, Pennsylvania
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Summary

Scholars have proclaimed a “Fourth Industrial Revolution,” a “Third Industrial Revolution,” “The Second Machine Age,” a “Zero Marginal Cost Society,” the “Industries of the Future,” “AI Super-Powers,” and that “Humans Need Not Apply as We Rage Against the Machine,” to name just a few of the numerous monikers to demarcate our current technological trajectory. While they have varying interpretations of the exact contours of this progression, they all have several themes in common. The first thesis was explored in Chapter 6 – to wit, that this transformation is unfolding rapidly and advancing broadly, including to countries in the Global South. Invariably, the next component is the negative impact that evolving technologies will have on the labor market. Technology is set to destroy many more jobs than it creates, and therefore to exert severe downward pressure on both blue- and white-collar jobs.

Type
Chapter
Information
Development Disrupted
The Global South in the Twenty-First Century
, pp. 226 - 240
Publisher: Cambridge University Press
Print publication year: 2022

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