We know that technology-driven productivity increase mostly enhances prosperity.
While many people across the world, continue to benefit from technology, numerous others also end up losing their jobs. The enterprising ones transition to other gigs with retraining, though it is a more significant transition for a truck driver to become a yoga teacher.
Among other things, we use our cell phones to scan documents, share files, take pictures, edit and communicate, which makes us more productive. On the other hand, it has rendered the neighbourhood phone booths cum printing and scanning shops almost redundant. Some owner-operators of these print shops have transitioned to helping design marketing and communication material, including book covers and flyers. Read More