The integration of digital technologies in virtually every part of our lives is just getting started. Like all revolutions in human history, we can expect it to cause some significant dislocations. And like all economic progress since the beginning of time, it will involve creative destruction.
The first industrial revolution saw the introduction of the steam engine and led to the first factories and urbanization. This spawned the Luddite movement—textile workers who fought against the technology that threatened their livelihood. In the second industrial revolution, electricity and the internal combustion engine changed the way goods could move around the globe.