This week's report on The Future of Jobs for the Davos economic talkfest in Switzerland has refocused attention on whether the wave of technology change sweeping around the globe will actually make most people richer.
The unsettling conclusion from the report is that a fourth Industrial Revolution will destroy millions
of white- and blue-collar jobs over the next four years alone, but create far fewer jobs. It will also put downward pressure on wages for many of the remaining lower-skilled workers who have the jobs robots can't do - yet.
It poses deep questions about how we educate, train and retrain our young and old, how we tax the winners who take all, and how we support those who can't get jobs in this brave new world.
It also forced me to look more into the history of an insult.
I have been called a "Luddite" at various times over the past couple of decades by my geekier friends who saw me as a late adopter. No one is quite sure who the Luddite movement was named after, but legend has it that a young unemployed weaver from the north of England called Ned Ludd smashed a mechanical knitting machine in 1779 in a fit of rage after being whipped for idleness. Artisans and skilled craftsmen adopted the legend of "Captain Ludd" to inspire them in their protests against the rise of mechanisation from 1811 to 1817. They organised themselves into groups to break into factories to smash the machines that had cost them their jobs. As the industrial revolution progressed over the following 200 years, hundreds of millions of new jobs were created in areas that no one had thought possible. Some of those artisans changed jobs and their children, once educated, went into new skilled jobs that made them richer.
