Stephanie Arnett/MITTR MIT Technology Review is celebrating our 125th anniversary with an online series that draws lessons for the future from our past coverage of technology.
It was 1938, and the pain of the Great Depression was still very real. Unemployment in the US was around 20%. Everyone was worried about jobs.
In 1930, the prominent British economist John Maynard Keynes had warned that we were “being afflicted with a new disease” called technological unemployment. Labor-saving advances, he wrote , were “outrunning the pace at which we can find new uses for labour.” There seemed to be examples everywhere. New […]
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