Similar: The Machine Stops, a short story by E.M. Forster, predicting the Internet, written in 1909. The full story is now in the public domain, and can be found here: https://en.wikisource.org/wiki/The_Machine_Stops
I immediately had to think of Kurt Vonneguts "Player Piano" published in 1952, with similar a theme of automation of all production (by "taping" actions) and the impact of that on society. It also briefly mentions a "third industrial revolution" in which even human thought will be performed more efficiently by machines.