The Luddites of today dont necessarily oppose technology per se, but they do worry that labor-saving software and automation will harm lower-income workers. Although skill-biased technological change has contributed to a rise in income inequality since the early 1980s, innovations will deliver net benefits to the less affluent so long as the states capacity for mischief is constrained.
Other Independent Review articles by Tom Lehman | |
Spring 2020 | The Forgotten Americans: An Economic Agenda for a Divided Nation |