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Automation, Innovation and Economic Crisis - Surviving the Fourth Industrial Revolution (Paperback)
Loot Price: R1,380
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Automation, Innovation and Economic Crisis - Surviving the Fourth Industrial Revolution (Paperback)
Series: Routledge Studies in the Economics of Innovation
Expected to ship within 12 - 17 working days
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The fourth industrial revolution is developing globally, with no
geographical centre. It is also taking place at enormous speed.
This development will shape the workplaces of the future, which
will be entirely different from the workplaces created by the
first, second and third industrial revolutions. Industry created
the industrial worker. The knowledge society will create a new type
of "industrial worker", the knowledge worker. While the third
industrial revolution was concerned with the digitalization of
work, in the fourth industrial revolution, robots will bring about
the informatization of work. Many of these robots will be
systematically connected, such that they can obtain updated
information and learn from their own and others' mistakes. The way
we work, where we work, what we work on, and our relationships with
our colleagues and employers are all in a state of change. The
workplace of the future will not necessarily be a fixed
geographical location, but may be geographically distributed and
functionally divided. In his book, Jon-Arild Johannessen argues
that a "perfect" social storm occurs when inequality grows at a
catastrophic rate, unemployment increases, job security is
threatened for a growing number and robotization takes over even
the most underpaid jobs. Thus, the ingredients for a perfect social
storm will be brought forward by cascades of innovations that will
most likely lead to economic and social crises and he argues that
it is reasonable to assume that it will only take a small spark for
this social storm to develop into a social revolution.
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