In recent decades digital devices have reshaped daily life, while
tech companies' stock prices have thrust them to the forefront of
the business world. In this rapid, global development, the promise
of a new machine age has been accompanied by worries about
accelerated joblessness thanks to new forms of automation. Jason E.
Smith looks behind the techno-hype to lay out the realities of a
period of economic slowdown and expanding debt: low growth rates
and an increase of labour-intensive jobs at the bottom of the
service sector. He shows how increasing inequality and poor working
conditions have led to new forms of workers' struggles. Ours is
less an age of automation, Smith contends, than one in which
stagnation is intertwined with class conflict.
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