Technological innovation leads to great wealth for a few but the struggle with creative disruption can last for most people for decades–until, at long last, hopefully, prosperity arrives. But until then–wow–painful! From a new Business Insider interview with Paul Krugman about the rise of the machines:  

“Whereas from about 1980 to 2000, the discussion about inequality was mostly seen as labor vs. labor (high-paid, high-skilled workers vs low-paid, low-skilled workers) the new story is about labor vs. capital a topic that is more taboo.

[Krugman] notes that there have been periods before where workers went several decades without reaping the benefits of capital-favoring technologies (the industrial revolution), and it’s possible that we’re in a period like that now, which unfortunately means that easy answers like ‘skills training’ won’t necessarily help much.’

As for the specific technologies that he’s intrigued by right now, he mentioned driverless cars and speech recognition, both of which use ‘big data’ to accomplish something that we previously thought required human intelligence.”