[jmaestrooper]

Sure, it wasn't bad when IT caused automation and elimination of many job positions and entire occupations, both manual and office. Now that we're on the receiving end of it, it is a bad thing all of a sudden.

As for the upcoming crisis, there's an increase in inequality and further accumulation of wealth among fewer and fewer individuals. As long as these individuals continue to spend their newly acquired wealth to compensate for lower spend by the less fortunate (which is exactly what's been happening), the economy will be fine.