I literally study the history of technological progress and the resulting disruptions.
In the past, technology balanced the loss of jobs by hand workers by making goods cheaper and faster and getting them to new audiences who could not afford them previously.
Before I started concentrating on this history I, too, believed that disruptive technologies would continue to provide new opportunities that would create a balance to or even an upgrade from what is lost.
I’m far less certain of this today. It’s harder to see where the hundreds of millions of new jobs will be coming from. The only expanding industry is the service industry and employers are trying out robots (in the most all-encompassing sense of automated mechanisms) and AI (in the larger sense of not needing a human to answer) because humans are difficult and unreliable. New audiences are also hard to come by. China has created a consumer middle class larger than the population of the U.S. in a couple of decades, and India is striving for that. That’s remarkable, but it comes with a huge cost in energy and shipping and mining and ecological devastation, all of which the developed countries are trying desperately to tamp down.
The technological gains of the past were dependent on the mindless rape of the planet and the exploitation of the workers at the bottom. So are those of the present. Can those of the future be prevented from similar destruction while at the same time lifting up billions of people during a period of climate change and pandemics? In the short term, the answer is no. In the long term, maybe some miracle of nanotechnology could change everything or there could be a breakthrough in fusion that gives endless cheap energy. Neither is around the corner.
If you have a vision of how and where these new jobs will come from I’d love to hear about it. Any good news would be welcome.