The Technology Trap
Capital, Labor, and Power in the Age of Automation
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Narrated by:
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Richard Lyddon
About this listen
How the history of technological revolutions can help us better understand economic and political polarization in the age of automation
From the Industrial Revolution to the age of artificial intelligence, The Technology Trap takes a sweeping look at the history of technological progress and how it has radically shifted the distribution of economic and political power among society’s members. As Carl Benedikt Frey reveals, the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanization were devastating for large swaths of the population. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends, Frey documents, broadly mirror those in our current age of automation, which began with the Computer Revolution.
Just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. But Frey argues that this depends on how the short term is managed. In the 19th century, workers violently expressed their concerns over machines taking their jobs. The Luddite uprisings joined a long wave of machinery riots that swept across Europe and China. Today’s despairing middle class has not resorted to physical force, but their frustration has led to rising populism and the increasing fragmentation of society. As middle-class jobs continue to come under pressure, there’s no assurance that positive attitudes to technology will persist.
The Industrial Revolution was a defining moment in history, but few grasped its enormous consequences at the time. The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present.
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We tend to view prolonged economic downturns, such as the Great Depression of the 1930s and the Long Depression of the late 19th century, in terms of the crisis and pain they cause. But history teaches us that these great crises also represent opportunities to remake our economy and society and to generate whole new eras of economic growth and prosperity.
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glorification of City Life
- By Ryan Riggs on 11-25-20
By: Richard Florida
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The Ages of Globalization
- Geography, Technology, and Institutions
- By: Jeffrey D. Sachs
- Narrated by: Steve Menasche
- Length: 8 hrs and 58 mins
- Unabridged
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Today's most urgent problems are fundamentally global. They require nothing less than concerted, planetwide action if we are to secure a long-term future. But humanity's story has always been on a global scale. Sachs takes listeners through a series of seven distinct waves of technological and institutional change, starting with the original settling of the planet by early modern humans through long-distance migration and ending with reflections on today's globalization.
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Narrator.
- By ROGER QUESADA on 08-03-20
By: Jeffrey D. Sachs
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Postcapitalism
- A Guide to Our Future
- By: Paul Mason
- Narrated by: Gildart Jackson
- Length: 13 hrs and 42 mins
- Unabridged
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Over the past two centuries or so, capitalism has undergone profound changes - economic cycles that veer from boom to bust - from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new.
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some good ideas...
- By "ge-ko" on 06-19-16
By: Paul Mason
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Age of Discovery
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- By: Ian Goldin, Chris Kutarna
- Narrated by: Mark Meadows
- Length: 11 hrs and 49 mins
- Unabridged
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Age of Discovery explores a world on the brink of a new Renaissance and asks: how do we share more widely the benefits of unprecedented progress? How do we endure the inevitable tumult generated by accelerating change? How do we each thrive through this tangled, uncertain time? From gains in health, education, wealth and technology to crises of conflict, disease and mass migration, the similarities between today's world and that of the 15th century are both striking and prophetic: we have been here before.
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A monotonous text disguised as casual reading.
- By Rob on 07-29-16
By: Ian Goldin, and others
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Discrimination and Disparities
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- Narrated by: Robertson Dean
- Length: 5 hrs and 2 mins
- Unabridged
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Discrimination and Disparities challenges believers in such one-factor explanations of economic outcome differences as discrimination, exploitation, or genetics. It is listenable enough for people with no prior knowledge of economics. Yet the empirical evidence with which it backs up its analysis spans the globe and challenges beliefs across the ideological spectrum.
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Hard Pill To Swallow - I’m better for it
- By Charles on 01-14-19
By: Thomas Sowell
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The Enlightenment and Industrial Revolution
- A Captivating Guide to the Age of Reason and a Period of Major Industrialization
- By: Captivating History
- Narrated by: Jason Zenobia
- Length: 7 hrs and 31 mins
- Unabridged
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If you want to discover the captivating history of the Enlightenment and Industrial Revolution, then this two-in-one books bundle is for you. Includes: Age of Enlightenment and The Industrial Revolution.
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Great overview of the subject
- By Vanimal on 09-20-23
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The Industrial Revolution
- A Captivating Guide to a Period of Major Industrialization and the Introduction of the Spinning Jenny, the Cotton Gin, Electricity, and Other Inventions
- By: Captivating History
- Narrated by: Jason Zenobia
- Length: 3 hrs and 58 mins
- Unabridged
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For most of human existence, people lived in a somewhat similar fashion. Everything that has been produced, from food and raw materials to clothing and other finished products, has been done either solely by hand or with some help of animal power. This was the same across the eras and throughout the world, no matter how advanced or backward the various civilizations were. Yet, our lives today couldn’t be more different.
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Excellent introduction
- By H. Paavilainen on 09-26-21
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Sustainability
- A History
- By: Jeremy L. Caradonna
- Narrated by: Edoardo Ballerini
- Length: 8 hrs and 45 mins
- Unabridged
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Caradonna's unique and concise history broadens our understanding of what "sustainability" means, revealing how it progressed from a relatively marginal concept to an ideal that shapes everything from individual lifestyles, government and corporate strategies, and even national and international policy. For anyone seeking understand the history of those striving to make the world a better place to live, here's a place to start.
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Excellent
- By marc grub on 03-06-17
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The Journey of Humanity
- The Origins of Wealth and Inequality
- By: Oded Galor
- Narrated by: Kobna Holdbrook-Smith
- Length: 8 hrs and 46 mins
- Unabridged
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Why are humans the only species to have escaped—only very recently—the subsistence trap, allowing us to enjoy a standard of living that vastly exceeds all others? And why have we progressed so unequally around the world, resulting in the great disparities between nations that exist today? Galor’s gripping narrative explains how technology, population size, and adaptation led to a stunning “phase change” in the human story a mere two hundred years ago.
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promoting innovation and industrial disease
- By Anonymous User on 01-18-24
By: Oded Galor
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The Wealth and Poverty of Nations
- Why Some Are So Rich and Some So Poor
- By: David S. Landes
- Narrated by: Walter Dixon
- Length: 21 hrs and 47 mins
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The Wealth and Poverty of Nations is David S. Landes' acclaimed, best-selling exploration of one of the most contentious and hotly debated questions of our time: Why do some nations achieve economic success while others remain mired in poverty? The answer, as Landes definitively illustrates, is a complex interplay of cultural mores and historical circumstance.
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A detailed explanation
- By Kaarlis on 12-07-21
By: David S. Landes
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What listeners say about The Technology Trap
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Tahir Jawaid
- 12-27-20
future of work
loved the book, brilliantly lays down the history and various eras of technological change effected the limits of people, lays out current issues in a very succinct manner from all angels, socioeconomic political etc. must read
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- William J Brown
- 10-02-19
Liked but not loved
I'm not sure if it was organization of the story, the narration, or both, but I had a particularly hard time concentrating on much of this content, and it doesn't seem particularly well suited for audio book treatment. I enjoyed the second half much more than the first, and its difficult to argue with some of the conclusions.
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3 people found this helpful
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- JM
- 06-08-24
Good historical argument on the impact of tech on the economy
The argument is good, but too repetitive. The book could have half of its size or even less and still convey the same concepts.
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- Brad
- 07-04-19
Very good
Excellent, balanced book on the impacts of technology on the economy. Very well researched and argued.
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8 people found this helpful
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- Didem G.
- 04-26-20
One of the best books I have ever read
This is a must read. Wonderful content, very important points to remember from the history. One of the best books I have ever read, and I read a lot.
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3 people found this helpful
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- R. Dumont
- 02-17-21
The good and the bad...
The good first:
1. Objective: looks at both the positive and negtive influence of technology on human labor, productivity and economic development.
2. Plenty of historical references to compare and contrast with the present and near future
3. Las part of the book is filled with interesting and perceptive conclusions on what lies ahead regarding AI and the future of humanity.
Now the bad:
1. Repetitive, repetitive, repetitive
2. Requires a whole lot of editing
3. Book could be half the length and transmit the same message
Rating: 3.5
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1 person found this helpful
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- Wise Guy
- 11-18-19
Interesting and current topic explained
Perhaps a bit "over explained", but explained nonetheless. He makes several valid points, but then keeps making them over and over. I kept thinking, "move on". Overall I'm glad I listened to this and plan to re-listen to selected chapters.
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2 people found this helpful
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- J. Hugunin
- 09-29-19
Good look at today in historical context
Takes a while to make its point, but does so thru presentation of lots of data. Conclusions seen sound.
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- je
- 07-26-20
Long and dry
Good listen for those intrigued by Andrew Yang's campaign, even if not in full agreement
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- allysson r soares
- 01-23-23
I expected more than this
Nice history, lame conclusion. If history is a guide for anything, no it is not.
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1 person found this helpful