“Take this simple example: Based on our experience with past technologies like the steam and internal combustion engines, computerization was supposed to eliminate paper, reduce person-hours, and create a surplus of leisure time. Anyone still want to sign up for any of those assumptions?”

Person-hours HAVE been reduced, and leisure time HAS been increased. Unfortunately, this is reflected in unemployment, underemployment, and jobless youth, as the benefits go to the top rather than being distributed to those whose jobs have been automated.