A study shows that the fear may be far-fetched Today, advanced machines like robots pose a significant threat to jobs traditionally performed by human beings. So it’s no surprise that new technological developments in the market are faced with stiff resistance from interest groups like labour unions. Moreover, there are some economists and others who believe that robots could lead us into a future where there are no jobs left to be done by human beings. How realistic are such fears? What in particular does history tell us about the effect of machines on employment?
A 2017 paper by Katja […]