This isn’t going to happen anytime soon. Media reports often paint a dire picture of technological change and automation, spawning a future world of massive job loss and less employment. And yet, a labour shortage — not a glut due to mass unemployment — looms in Canada thanks to retiring baby boomers and our aging population.
Furthermore, history suggests that when technological change alters the employment mix, the economy grows, creating new jobs and more opportunity.
For example, a study of census results for the United Kingdom since 1871 by Stewart, De and Cole notes that, despite fears of job destruction, […]
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