The great advances in technology in industrialized societies has radically transformed the face of our planet, for good and for bad. Artificial fertilizers ensure high-yielding crops, polio and other diseases have been defeated, and we are conquering outer space. There is an increasing standard of living and people seem to be better off than they have ever been before. But technological progress has also brought with it unforeseen consequences. Unemployment is increasing among many in …
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showed last 75 words of 772 total
…amount that was produced before. One may well ask why the current profusion of new technology has not yet led to massive unemployment. Our society faces both an opportunity and a challenge. The opportunity is the possibility of an abundant flow of goods and services with very little work. The challenge lies in redesigning our economic institutions to break the link between production and income. ------------------------------------------------------------------------ **Bibliography** Straut, Francis. "Automation in America." 2000. Packard Publishing ed.