>> Once people realize that the exact computing technology which made their jobs redundant is equally effective at competing against their prior employers, and that they have the stupendous advantage of having near nil overhead while their ex-employer is a monolith unwilling to adapt properly, that harm will be ameliorated, IMO.
This hasn't worked anywhere nearly that well in the past, why should it work
any better in the future?
The reason it can't is that we can't both all use new technologies _and_ expect that we can make a comfortable living out of it. The reason is good old supply and demand. If everyone can use a technology, then the ability to use it is not something you can sell very highly.
Take writing for example. Back in the time of the pharaohs, priests were the only ones who knew writing and reading and they had immense power as a result. Today, knowing how to read and write is more of a prerequisite to be able to find work, not a skill you can sell in and of itself.
Also, it happens that of all the people I know who work with computers, I can't think of anyone, off the top of my head, who switched from a different kind of job. I'm sure there are some, but they'll be few and far between. For most people, losing their job to a computer means just that: that they lose their job. To a computer.
And think of all the McJobs that keep unemployment low in most western economies: flipping burgers, stacking shelves, cold-calling, part-time stuff. _That_ is the kind of job most people do in the information age.