Comment Re:Citations? (Score 2) 307
The industrial revolution allowed us to make things less expensively. What took 100 man-hours could be produced in 10, or 1. With it came the rise of unions and a power struggle between the robber barons and the working classes. The standard of living of most people in the industrialized world skyrocketed, with a good deal of the wealth trickling into the new "middle class". Industrialization made things, but required manpower to run them.
The rise of technology has made manpower obsolete. We're not making things with software but rather learning how to eliminate service people (technology in general, this is really all one wave and Y-C thinking software is somehow divorced from the IT revoultion that's been in progress for 40 years is bullshit). The end game isn't really "more stuff" but "automated services". We don't need more people to ramp up production - once the software is running it merely needs maintenance and a very small incremental staff to serve 100, 1000, 10000x it's original purpose.
That's where people are getting crunched. Now that the industrial revolution has spread to more of the world, there's international competition for those "factory" jobs, and so the Man can simple take operations to a cheaper location. But there's nowhere for the factory workers to go because all the service jobs are drying up too, thanks for software. The wages on the inside are good, but the inside is getting smaller and smaller as tech takes over more positions. That leaves a large, unemployable population.