The question in my title may sound like heresy. There is no denying that smart algorithms can fascinate and delight us. They can enable digital transformations in business, revolutionize marketing methods and foster a world of efficiency, high speed and profit. But can they be our lifeline?
In many industries, digital technology reduces demand for human labor, and increases the net gain of intelligent machine ownership, such machines being cheaper than people. According to McKinsey, the digital revolution will put nearly 400 million people out of a job by 2030.