Automation will not lead to fewer jobs – but it is hollowing out the middle class | Larry Elliott

Weak wage growth could already be a sign automation creating economy in which small number of very rich employ armies of poorThroughout modern history there has been a recurrent fear that jobs will be destroyed by technology. Everybody knows the story of the Luddites, bands of workers who smashed up machinery in the textile industry in the second decade of the 19th century.The Luddites were wrong. There has been wave after wave of technological advance since the first Industrial Revolution, and