Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier

Better transportation systems coupled with electricity paved the way for the expansion of information and communication technologies (ICT) throughout the third industrial revolution. During this period, the most significant technological changes resulted from the digitalisation of electronics and associated advances in computing.

Technology is both the problem and the solution.

The ubiquity of technology and the standardisation of internet-based connectivity has facilitated the emergence of new digital economies. In some instances, these economies 1) allow participants to trade excess supply, 2) facilitate new ways to commercialise existing activities and influence and 3) generate income in wholly digital spaces from whol... See more

The first industrial revolution occurred when the steam engine and novel methods of organising labour within factories led to the replacement of human workers with machines.

These emergent digital economies are facilitating dramatic wealth accumulation for a small few and supplemental earnings for a great many. They are the new ladders and ledges being created to replace the elevators that have been destroyed. They are, however, only accessible to those with the relevant skills and education. Many will be left behind.

The speed and scope of transformation during this period means this fourth industrial revolution has brought about an unprecedented shift in how people relate to each other. The ongoing shift towards non-standard forms of employment that typifies this era is linked to reduced worker benefits and welfare protection, with significant socio-economic i... See more

Workers without a college education have been most adversely affected by the advent of routine-biased technology, but the mechanisation of agriculture that characterised this period has also had further detrimental effects on local social and environmental systems.

The modern factory system can be considered the greatest technological innovation of its time, encouraging shifts from the agricultural sector to manufacturing and transforming many cities into industrial centres. Yet, many authors argue that despite major transformations brought about by these technological innovations, overall social mobility rat... See more

In a world transformed by the widespread use of networked technologies, humanity faces a significant divide between those who can access and use new technologies and those who cannot, counterbalancing the considerable opportunities that are being created in new economic sectors.