Myth Debunked: Machines Create More Jobs Than They Destroy

Myth Debunked: Machines Create More Jobs Than They Destroy

Ding Ting/Xinhua/ZUMA MUNICH — Do machines replace humans? Since the beginning of industrialization 200 years ago, we earthlings have been plagued by this fear. From the early uprisings of the weavers to the 1970s "job killer computer" slogan, and up until the 2013 thesis of researchers Michael Osborne and Carl B. Frey, according to whom machines could soon take away every second job. But a German researcher, Terry Gregory of the Institute of Labor Economics (IZA), now presents a very different calculation. According to him, automation has brought Europe an additional 1.5 million jobs in the past decade.

Whether machines […]

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