“When the industrial revolution happened there was the Luddistic movement, and there was a fear that machinery would replace all the labor. Whenever we had a technological revolution we had this fear. So if you look backwards, these fears were not justified, and I think they were driven by our very human inability to visualize what new jobs will be created by this new technology.” ThinkingTechnologyRevolutionLaborDrivenTechnologicalBackwardsJustifiedNew TechnologyNew JobIndustrial Revolution Author:Branko Milanovic
“While you can say that the problem of the middle class in the rich countries is too much globalization, the problem of the people who are very poor is really that they are not included in globalization. For them, the success of their own countries at becoming part of this international division of labor would be good news.” PeopleCountryProblemPoorRichLaborBe GoodMiddle ClassGlobalization Author:Branko Milanovic
