Education and The 'Fourth' Industrial Revolution : 1
Whether we call it the 'Second' Machine Age or the 'Fourth' Industrial Revolution, the idea that we are at some kind of technological tipping point - that moment in history where society would change - seem to have consensus. Such change, going by historical experience, means different things, doing new things and not doing old things as well as finding new ways of doing old things. This transformation, all these new ways, is a function of education. There are winners and losers of the transformation so far. All economic evidence points to a massive loss of privilege for the middle classes, though the feel-good factor of house prices somewhat soothed the effect. In fact, the stagnation of middle class life, despite all the excitements of Uber-hailing cabs, is present and clear, making the economists question whether the Information Technology revolution has had much beneficial impact on living standards, particularly in comparison with earlier episodes of industri...