How many times have we said something similar about the promises of technological advancement, and yet the panacea never actualizes?
How many other technological advancements are trying to automate the one thing that makes humans human.
Not sure why that'd be a natural assumption. Advances in technology, especially in communication technology could very well hasten the cycles.
if it is going to accelerate class mobility, bring it on. However the data shows that the rise of tech correlates with lower class mobility
Or tip the balances of power between the 3 groups.
It seems in the last 10+ years, social media empires and big tech have done just that. It seems to me, the High turned the Middle and Low against each other.
If the advances in technology favor capital over consumers, it actually ends up further diverging the stratification.