Industrial revolution caused a massive shift from fairly self-sustained agrarian communities to living horrible poverty in urban factory and mining towns, just look up numbers of children deceased during work in the 19th Century England. It did not make everyone poorer - it made plenty of people helluva lot richer - but it did increase the number of those in poverty and the effects of their destitude. The mega rich capitalists class greated by the industrialisation replaced the old aristocrats being able to buy goverments and leaders to do their bidding, smashing worker’s rights and unions created to defend the workers from the effects of industrial capitalism with police violence, William Hearst and the like were able to essentially control public opinion since they owned the newspapers…Sound familiar? We are not entering an era descriped on an utopian scifi, but just returning to the good old 19th century.

Except I still doubt whether AI is the new Spinning Jenny. Because the quality is so bad and because it can’t replace human’s in most things or doesn’t necessarily even speed the prodiction in a sognificant way, we might just be facing another IT-bubble and financial meltdown, since US seems to have but all of the eggs in a one basket.