The Technology Trap: Capital, Labour and Power in the Age of Automation, Carl Benedikt Frey’s argument rests on the distinction between labour-enabling technologies and labour-replacing technologies . In detailing the history of the British Industrial Revolution, Frey highlights that ‘in the period 1780-1840, output per worker grew by 46 percent. Real weekly wages, in contrast, rose by a mere 12 percent’ . Advertisement AI delivers a relentless unemployment shock that dumps wages again and causes interest rates