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Published in:
2024 | OriginalPaper | Chapter
Myth 24: Technology Is Wiping Out the Middle Class
Authors : Robert D. Atkinson, David Moschella
Published in: Technology Fears and Scapegoats
Publisher: Springer Nature Switzerland
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Abstract
We constantly hear that the American middle class is shrinking, and that technology, particularly automation, is to blame. When this is the prevailing narrative, generating support for robust technology-based productivity becomes much more difficult. The reality is that the share of Americans in the middle class has declined, but mostly because of the expansion of the upper-middle class, the movement of manufacturing jobs offshore, increases in low-skilled immigration, and the rise of single-adult households, not automation.