The rise of interconnected digital machines is threatening to change our economy in profound ways.
This month, we enter the season of Goodwill to All Men (and Women). But there is a bitter irony. What will actually make the world go round this holiday season is not simply the labour of real-life women and men – but the silent actions and communications of millions, if not zillions, of interconnected machines.
Think about it. If you travel this holiday via airports or train stations, you will invariably be clutching tickets with electronic barcodes, which will be waved at automatic turnstiles or check-in desks – which will duly send signals to other machines. If you buy a holiday gift or groceries, you will wave more barcodes – and probably swipe credit cards too; hence more silent electronic communication.
If you want to read this very interesting article about the impact of technology in the economy, please click here: TechnologyEconomy
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