“Are machines the genie which spring from Aladdin’s Lamp of Science to supply every need and desire of man, or are they Frankenstein’s monsters which will destroy man who created them?,” asked MIT president Karl T. Compton in an article he wrote in the 1938 issue of MIT Technology Review.
Well, the notion (or rather fear) that tech advancements take away people’s jobs is not new.
Compton’s conclusion was that technological “unemployment is a myth”.Those historical concerns about technological unemployment, particularly in 1938 and the early 1960s, are relevant even today: in the context of contemporary fears surrounding Artificial Intelligence (AI) […]
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