The Dawn of the Robots: How Technology Is Changing the Foundations of the Economy

This article provides a thorough analysis of the transformation of the contemporary economic system under the influence of rapid technological development. Drawing on Martin Ford's concepts, the author describes the decline of the traditional Fordist economy, in which productivity growth was inextricably linked to wage growth. Now, thanks to Moore's Law and artificial intelligence, computational capital is taking over the role of human labor, leading to wage stagnation and the erosion of the middle class. The text provides a detailed discussion of the hourglass model of the labor market and the threats posed by technofeudalism and institutional asynchrony. This is essential reading for those seeking to understand why the mechanisms that fueled 20th-century prosperity are disintegrating in the age of scoring algorithms and widespread automation.