The Tech Threat

Are advances in artificial intelligence, robotics and other technologies leading to fewer jobs and more inequality?



By Bob Abeshouse

The United States and other developed countries are in the midst of a digital revolution that may be even more profound than the industrial revolutions of the past. Advances in robotics, cognitive computing and other digital technologies promise untold benefits in a world of leisure hard to imagine. But there is also a dark side to this technological change. It could lead to joblessness for most and extreme inequality, threatening economic health and political stability.

Tension over rising inequality and a lack of good-paying middle class jobs is growing in Silicon Valley and nearby San Francisco, the epicentre of computerisation and the information economy. In San Francisco, buses for Google, Facebook and other companies ferry high-paid tech workers to their jobs in Silicon Valley. This allows tens of thousands to live in the city, fuelling popular anger over gentrification and high housing prices that are pushing longtime residents out.