Automation anxiety: the role technology is playing in rising inequality has become a hot topic
In 1821, the eminent political economist David Ricardo remarked: “The substitution of machinery for human labour is often very injurious to the interests of the class of labourers… [it] may render the population redundant and deteriorate the condition of the labourer.” Little over a century later, John Maynard Keynes identified a similar predicament: “Technological unemployment… [is an issue born of] our discovery of means of economising the use of labour outrunning the pace at which we can find new uses of labour.”
Fast-forward another century and […]
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