Throughout modern history there has been a recurrent fear that jobs will be destroyed by technology. Everybody knows the story of the Luddites, bands of workers who smashed up machinery in the textile industry in the second decade of the 19th century.
The Luddites were wrong. There has been wave after wave of technological advance since the first Industrial Revolution, and yet more people are working than ever before. Jobs have certainly been destroyed. Banks, for example, no longer employ clerks to log every transaction in ledgers with quill pens. At this time of year, 150 years ago, the fields […]
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