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The History of the Future: Work, Technology, and Globalization

Subject: Economic History / Labor Economics Keywords: David Howell, Skill-Biased Technical Change, Globalization, Inequality.

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Unlike dry academic texts, Diamond approaches the subject with a journalist's narrative flair. He doesn't just list technological advancements; he explores the human cost and the psychological shifts that come with them. The central thesis revolves around the idea that we are living in a history that is being written in real-time by algorithms, screens, and the erosion of privacy.

2.1. The Problem with Skill-Biased Technical Change (SBTC)

The standard theory of SBTC argues that technology increases the productivity of skilled workers while rendering unskilled workers obsolete, thereby widening the wage gap. Howell points out that data does not fully support this: