We Need To Talk About Tomorrow’s World

However, while the short-term impact of early automation was severe enough to lead to the “Luddite” riots of the early 1800s, in the main, the dire predictions of what John Maynard Keynes termed, “technological unemployment” have proven unfounded. In the long-run, technological innovation has always delivered more employment opportunities to the economy than it has taken away. But unlike previous waves of industrial progress, the new wave of automation threatens jobs across the entire spectrum at a pace that may be impossible to keep up with.

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