Shutterstock/studiostoks. All rights reserved.In order to understand both where we are going and why we are witnessing the disappearance of good jobs and increased polarisation in society, we must broaden our focus beyond a mere analysis of technological change. Rather, the debate that we should be having should be about our political choices and the economic agenda that will shape technological change in the long-term.
This was the approach I set out in a seminar held in the UK's Houses of Parliament last week as part of the series of economic events, hosted by Shadow Chancellor John McDonnell MP.
For now, the main political answer to rapid technological change has been a wave of fiscal austerity across Europe, not more investment in innovation, technology and education. The recent rapid technological change didn’t bring about the “golden age of the knowledge society”, along with its promised investments in green technology, new jobs and wellbeing.
